Guideline Value for SAI KIRUPA NAGAR

Sai Kirupa Nagar guideline value

The current guideline value of Sai Kirupa Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Jeganathapuram village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Sai Kirupa Nagar has changed

In the 2023 revision, the guideline value for Sai Kirupa Nagar was Rs 400 per sq.ft. However, with the 2024 revision, the guideline value has decreased significantly to Rs 100 per sq.ft, marking a reduction of 75%. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

Prior to the 2023 revision, there were no recorded guideline values for Sai Kirupa Nagar in the earlier revisions. The 2024 figure of Rs 100 per sq.ft aligns with the median guideline value of Rs 100 per sq.ft for the streets in Jeganathapuram under the Ponneri SRO.

Guideline values in Jeganathapuram

In Jeganathapuram, there are 7 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,500 per sq.ft. Sai Kirupa Nagar's 2024 guideline value is equal to the median of Rs 100 per sq.ft. Below are the guideline values for other streets in Jeganathapuram:

• Sri Nagar: Rs 100 per sq.ft (2024)
• Mars Royal City: Rs 1,000 per sq.ft (2024)
• Madhavan Nagar: Rs 100 per sq.ft (2024)
• Ganesh Nagar: Rs 100 per sq.ft (2024)
• Jayadev: Rs 1,500 per sq.ft (2024)
• Kshetra: Rs 1,493 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Kirupa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sai Kirupa Nagar?

The Sub Registrar Office that covers Sai Kirupa Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Jeganathapuram. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is sold, the guideline value helps in determining the minimum price at which the property can be registered. Buyers and sellers must consider this value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Sai Kirupa Nagar?

The current guideline value of Sai Kirupa Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

Recently, the guideline value decreased from Rs 400 per sq.ft in 2023 to Rs 100 per sq.ft in 2024, representing a reduction of 75%.

Are there any previous guideline values for Sai Kirupa Nagar?

The register has no figures for Sai Kirupa Nagar in the revisions from 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Jeganathapuram?

In Jeganathapuram, other streets have varying guideline values ranging from Rs 100 to Rs 1,500 per sq.ft. For example, Sri Nagar and Madhavan Nagar both have a guideline value of Rs 100 per sq.ft in 2024.

Where is the Sub Registrar Office for Sai Kirupa Nagar located?

The Sub Registrar Office for Sai Kirupa Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.