Guideline Value for SAI NAGAR

Sai Nagar guideline value

The current guideline value of Sai Nagar, located in Thirukkachur - 1 village under the Chengleput Joint II SRO, is Rs 2,200 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Sai Nagar has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 1,340 per sq.ft, marking a decline of 33%. The value then increased significantly in the 2023 revision to Rs 2,000 per sq.ft, followed by a further increase to Rs 2,200 per sq.ft in the 2024 revision, which is a rise of 10% from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The 2023 revision saw a jump of 49% from the 2017 figure. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 3,300 per sq.ft, with a median value of Rs 660 per sq.ft. Sai Nagar's 2024 figure of Rs 2,200 per sq.ft is above this median.

• Sai Sri Vari Nagar: Rs 2,200 per sq.ft (2024)
• Sanjeevi Nagar: Rs 550 per sq.ft (2024)
• Sardhar Petel Nagar: Rs 1,645 per sq.ft (2024)
• Sasthri Street: Rs 550 per sq.ft (2024)
• South Mada Veedhi: Rs 550 per sq.ft (2024)
• Pilliyar Kovil Street: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sai Nagar?

The Sub Registrar Office that covers Sai Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value is a crucial factor in property transactions in Thirukkachur - 1. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for taxation purposes.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These costs are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sai Nagar?

The current guideline value of Sai Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent being an increase from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. Overall, from 2012 to 2024, the value has increased by 10%.

What are the other streets in Thirukkachur - 1?

Other streets in Thirukkachur - 1 include Sai Sri Vari Nagar, Sanjeevi Nagar, Sardhar Petel Nagar, Sasthri Street, South Mada Veedhi, and Pilliyar Kovil Street, each with their respective guideline values for 2024.

What is the registration fee for property in Sai Nagar?

The registration fee for property in Sai Nagar is calculated at 2% of the guideline value. For a property valued at Rs 22,00,000, the registration fee would be Rs 44,000.

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

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