Guideline Value for SAI LINGA NAGAR

Sai Linga Nagar guideline value

The current guideline value of Sai Linga Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Palur-B village, under the Chengleput Joint II SRO, with a land classification of Residential Special Type - I.

How the guideline value of Sai Linga Nagar has changed

According to the guideline value register, there are no figures for Sai Linga Nagar for the years 2002, 2003, 2007, 2012, and 2017. The register shows that the guideline value remained at Rs 400 per sq.ft for both the 2023 and 2024 revisions, indicating no change between these two years.

The 2024 revision has set the guideline value at Rs 400 per sq.ft, consistent with the previous year’s figure. This reflects a stability in the guideline value for Sai Linga Nagar over the last two years.

Guideline values in Palur-B

In Palur-B, there are seven streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 400 to Rs 800 per sq.ft. The median value for these streets is Rs 670 per sq.ft, placing Sai Linga Nagar's 2024 figure below that median.

• Saradhammal Nagar: Rs 400 per sq.ft (2024)
• Sri Ranganathar Avenue: Rs 670 per sq.ft (2024)
• Sameera Florenza: Rs 670 per sq.ft (2024)
• Sameera Florenza Phase - I: Rs 800 per sq.ft (2024)
• V.G.R Nagar.: Rs 400 per sq.ft (2024)
• ஸ்ரீ ஸ்ரீனிவாசா அவென்யூ: Rs 670 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Linga Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. 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 precise calculations based on your property transaction.

Which Sub Registrar Office covers Sai Linga Nagar?

Sai Linga Nagar falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Palur-B

The guideline value plays a crucial role in property transactions in Palur-B. It is the basis for calculating the stamp duty and registration fees during the property registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is referenced to determine the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transaction. This helps maintain transparency and fairness in the property market.

Frequently asked questions

What is the current guideline value of Sai Linga Nagar?

The current guideline value of Sai Linga Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sai Linga Nagar has remained constant at Rs 400 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value for streets in Palur-B?

The median guideline value for streets in Palur-B is Rs 670 per sq.ft, with Sai Linga Nagar's value being below this median at Rs 400 per sq.ft.

What are the stamp duty and registration fees for properties in Sai Linga Nagar?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. Duty is charged on the higher of the guideline value or the sale price.

Which office handles the registration for Sai Linga Nagar?

The Chengleput Joint II Sub Registrar Office handles registrations for Sai Linga Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.