Guideline Value for SAI JOTHI NAGAR

Sai Jothi Nagar guideline value

The current guideline value of Sai Jothi Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Poonthandalam village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of Sai Jothi Nagar has changed

The guideline value for Sai Jothi Nagar has seen several revisions over the years. The oldest recorded figure is from 2017, where it was Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in 2023, reflecting a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 440 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Poonthandalam

In Poonthandalam, there are 9 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft. The median value for these streets is Rs 330 per sq.ft, making Sai Jothi Nagar's 2024 figure of Rs 440 per sq.ft higher than the median.

• Selliamman koil street: Rs 330 per sq.ft (2024)
• Pillayar koil street: Rs 330 per sq.ft (2024)
• Perumal koil street: Rs 330 per sq.ft (2024)
• Parathapper amman koil street: Rs 330 per sq.ft (2024)
• Gangaiamman koil street: Rs 330 per sq.ft (2024)
• Bajanai Koil Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Jothi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. Please note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sai Jothi Nagar?

The Sai Jothi Nagar area is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Poonthandalam

The guideline value plays a crucial role during property registration in Poonthandalam. It serves as the basis for calculating the stamp duty and registration fees that are required when a property transaction takes place.

When buying or selling property, the guideline value is used to ensure that the transaction is appropriately registered and that the necessary taxes are paid. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sai Jothi Nagar?

The current guideline value of Sai Jothi Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 440 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the other streets in Poonthandalam?

Other streets in Poonthandalam include Selliamman koil street, Pillayar koil street, Perumal koil street, Parathapper amman koil street, Gangaiamman koil street, and Bajanai Koil Street, with their respective guideline values ranging from Rs 330 to Rs 550 per sq.ft.

What fees are associated with buying property in Sai Jothi Nagar?

When buying property in Sai Jothi Nagar, you will need to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sai Jothi Nagar?

The Sub Registrar Office covering Sai Jothi Nagar is located at No.26, mes Road, East Tambaram, Chennai-600059. You can find more information about your SRO online.