Guideline Value for SAI KIRUBA NAGAR

Sai Kiruba Nagar guideline value

The current guideline value of Sai Kiruba Nagar, located in Allappakkam village, is Rs 1,102 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint I SRO and is classified as Residential Special Type - III.

How the guideline value of Sai Kiruba Nagar has changed

In the 2017 revision, the guideline value was set at Rs 740 per sq.ft. This value increased significantly to Rs 1,100 per sq.ft in the 2023 revision, reflecting a change of 49%. The most recent revision in 2024 has maintained the guideline value at Rs 1,102 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,102 per sq.ft, which is equal to the current value of Sai Kiruba Nagar.

• Sai Nagar: Rs 1,102 per sq.ft (2024)
• Sakthi Nagar: Rs 1,200 per sq.ft (2024)
• Sakthi Nagar Ext: Rs 1,200 per sq.ft (2024)
• Samraja Nagar: Rs 902 per sq.ft (2024)
• Roja Garden: Rs 1,102 per sq.ft (2024)
• Rishi Hill View Co-Op Nagar Phase-III: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Kiruba Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,102 per sq.ft, the total guideline value amounts to Rs 11,02,000. The stamp duty at 7% would be Rs 77,140, and the registration fee at 2% would be Rs 22,040, leading to a total of Rs 99,180. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on calculating these fees.

Which Sub Registrar Office covers Sai Kiruba Nagar?

The Sub Registrar Office that covers Sai Kiruba Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Allappakkam

The guideline value is a crucial factor in property transactions as it determines the minimum value for registration purposes. When buying or selling property in Allappakkam, the guideline value helps establish the amount of stamp duty and registration fees payable.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly influences the costs associated with property transactions. Accurate knowledge of these values ensures compliance with local regulations and helps in financial planning.

Frequently asked questions

What is the current guideline value of Sai Kiruba Nagar?

The current guideline value of Sai Kiruba Nagar is Rs 1,102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision to the 2023 revision, the guideline value increased from Rs 740 per sq.ft to Rs 1,100 per sq.ft, a change of 49%. The value remained unchanged from 2023 to 2024.

What is the land classification for Sai Kiruba Nagar?

Sai Kiruba Nagar is classified as Residential Special Type - III under the Chengleput Joint I SRO.

How is stamp duty calculated for properties in Sai Kiruba Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 11,02,000, leading to a stamp duty of Rs 77,140.

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

The Chengleput Joint I Sub Registrar Office covers Sai Kiruba Nagar and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about your SRO online.