Guideline Value for SAI NAGAR SALAI

Sai Nagar Salai guideline value

The current guideline value of Sai Nagar Salai is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Thiruvancheri village, under the Pallavaram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Sai Nagar Salai has changed

The guideline value for Sai Nagar Salai has seen various revisions over the years. In 2012, the value was set at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017. This marked a significant decline of 33%. However, from 2017 to 2023, the value surged to Rs 2,300 per sq.ft, reflecting an increase of 91%. The most recent revision in 2024 raised the guideline value to Rs 2,530 per sq.ft, a 10% increase from the previous year.

Overall, the guideline value has increased by 41% from 2012 to 2024. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Thiruvancheri

In Thiruvancheri, there are 70 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,000 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, positioning Sai Nagar Salai's 2024 figure above this median.

• Sai Ram Nagar: Rs 2,200 per sq.ft (2024)
• Sakthi Iyyanar Nagar: Rs 1,980 per sq.ft (2024)
• Sathish Avenue Phase I: Rs 2,530 per sq.ft (2024)
• Sathiyamoorthy Nagar: Rs 1,980 per sq.ft (2024)
• Ramar Koil Street: Rs 1,980 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Nagar Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total to Rs 2,27,700. Duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sai Nagar Salai?

The Sai Nagar Salai area falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thiruvancheri. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This value is established by the government and reflects the current market conditions for various areas.

When registering a property, buyers and sellers must consider the guideline value, as it serves as a benchmark for calculating the fees involved in the transaction. It is essential to be aware of the guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Sai Nagar Salai?

The current guideline value of Sai Nagar Salai is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,530 per sq.ft in 2024.

What is the land classification of Sai Nagar Salai?

Sai Nagar Salai is classified as Residential Class I Type - III, indicating its suitability for residential development.

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

The registration office covering Sai Nagar Salai is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,77,100 at a rate of 7%.