Guideline Value for SAI NAGAR PHASE - I

Sai Nagar Phase - I guideline value

The current guideline value for Sai Nagar Phase - I is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Puthupakkam village under the Chengleput Joint I SRO, and the land classification is Residential Special Type - II.

How the guideline value of Sai Nagar Phase - I has changed

The guideline value for Sai Nagar Phase - I has remained consistent in recent years. The 2023 revision recorded a guideline value of Rs 500 per sq.ft, which is the same as the 2024 revision. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002.

Between the 2023 and 2024 revisions, there was no change, with a percentage change of +0%. This consistency indicates stability in the guideline value for this area over the past two years.

Guideline values in Puthupakkam

In Puthupakkam, there are 7 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Sai Nagar Phase - I above this median.

• Sree Krishna Nagar Phase 1: Rs 400 per sq.ft (2024)
• Sree Krishna Nagar Phase-II: Rs 400 per sq.ft (2024)
• Sree Krishna Nagar Phase-III: Rs 400 per sq.ft (2024)
• Sree Krishna Nagar Phase-IV: Rs 400 per sq.ft (2024)
• Nethaji Nagar: Rs 450 per sq.ft (2024)
• Vanchinathan Nagar: Rs 400 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. The duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sai Nagar Phase - I?

Sai Nagar Phase - I falls under 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 Puthupakkam

The guideline value is a crucial factor in property transactions in Puthupakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price to ensure compliance with local regulations.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Sai Nagar Phase - I is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Sai Nagar Phase - I?

The land classification for Sai Nagar Phase - I is Residential Special Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000.

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

The Chengleput Joint I Sub Registrar Office covers Sai Nagar Phase - I and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.