Guideline Value for SAI KIRUBA NAGAR

Sai Kiruba Nagar guideline value

The current guideline value of Sai Kiruba Nagar, located in Pothur village under the Redhills SRO, is Rs 1,480 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - IV.

How the guideline value of Sai Kiruba Nagar has changed

The guideline value for Sai Kiruba Nagar has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 1,345 per sq.ft, which was then increased by 10% to Rs 1,480 per sq.ft in the 2024 revision.

This increase from 2023 to 2024 reflects a significant adjustment in the guideline value. The current value is higher than the previous year's figure, indicating a change in the valuation for properties in this area.

Guideline values in Pothur

Pothur village has a total of 98 streets under the Redhills SRO, with guideline values ranging from Rs 330 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, placing Sai Kiruba Nagar's 2024 figure above the median.

• Roja Nagar: Rs 365 per sq.ft (2024)
• R.G. Nagar Annex-I: Rs 440 per sq.ft (2024)
• Sarathi Nagar: Rs 440 per sq.ft (2024)
• Raj Nagar: Rs 1,480 per sq.ft (2024)
• Selva Ganapathi Nagar: Rs 550 per sq.ft (2024)
• Selvaganapathy Nagar Annex: Rs 550 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 1,480 per sq.ft, the total guideline value amounts to Rs 14,80,000. The stamp duty, charged at 7%, would be Rs 1,03,600, while the registration fee at 2% would be Rs 29,600. Together, these fees total Rs 1,33,200. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Sai Kiruba Nagar?

The Sai Kiruba Nagar area falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Pothur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as per the official register. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Sai Kiruba Nagar?

The current guideline value of Sai Kiruba Nagar is Rs 1,480 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased from Rs 1,345 per sq.ft in 2023 to Rs 1,480 per sq.ft in 2024, reflecting a 10% rise.

What is the land classification for Sai Kiruba Nagar?

Sai Kiruba Nagar is classified as Residential Special Type - IV according to the land classification guidelines.

Where can I find the registration office for Sai Kiruba Nagar?

The Redhills Sub Registrar Office covers Sai Kiruba Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 14,80,000 would incur a stamp duty of Rs 1,03,600 at 7%.