Guideline Value for SAI NAGAR - I

Sai Nagar - I guideline value

The current guideline value of Sai Nagar - I is Rs 100 per sq.ft. This street is located in Ammambakkam village, under the jurisdiction of the Oothukkottai SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sai Nagar - I has changed

In the 2017 revision, the guideline value was Rs 67 per sq.ft. This increased to Rs 100 per sq.ft in the 2023 revision, marking a change of +49%. The 2024 revision has also set the guideline value at Rs 100 per sq.ft, reflecting no change from the previous year.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by +49%.

Guideline values in Ammambakkam

Ammambakkam has 14 streets under the Oothukkottai SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with a median value of Rs 100 per sq.ft. Sai Nagar - I's 2024 figure is equal to this median.

• Sainagar: Rs 100 per sq.ft (2024)
• Sathish Nagar: Rs 100 per sq.ft (2024)
• Sree Balaji Nagar: Rs 100 per sq.ft (2024)
• Sri Lakshmi Srinivasa Nagar: Rs 100 per sq.ft (2024)
• Sri Sai Nagar: Rs 100 per sq.ft (2024)
• Sri Thirumalai Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Nagar - I

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,00,000. The stamp duty at 7% amounts to Rs 7,000, and the registration fee at 2% is Rs 2,000, totaling Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sai Nagar - I?

The Sub Registrar Office that covers Sai Nagar - I is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai 602026. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ammambakkam. It helps determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable duties. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the correct fees are paid during the registration process.

Frequently asked questions

What is the current guideline value of Sai Nagar - I?

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

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 67 per sq.ft to Rs 100 per sq.ft in both the 2023 and 2024 revisions, marking an overall change of +49%.

What are the other streets with similar guideline values in Ammambakkam?

Other streets in Ammambakkam, such as Sainagar, Sathish Nagar, and Sree Balaji Nagar, also have a guideline value of Rs 100 per sq.ft for 2024, which is the same as Sai Nagar - I.

Where is the Oothukkottai Sub Registrar Office located?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, Chennai 602026. This office handles registrations for properties in the Sai Nagar - I area.

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

Stamp duty for properties in Sai Nagar - I is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,00,000 would incur a stamp duty of Rs 7,000.