Guideline Value for SAI NAGAR

Sai Nagar guideline value

The current guideline value of Sai Nagar, located in Ottiyampakkam village, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under the Selaiyur Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of Sai Nagar has changed

The guideline value for Sai Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the 2023 revision, which was Rs 2,000 per sq.ft. The register does not have figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the last available figure was Rs 2,000 per sq.ft. The guideline value has increased steadily in recent revisions, with the 2024 figure being the highest recorded for Sai Nagar to date.

Guideline values in Ottiyampakkam

In Ottiyampakkam, there are 88 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 4,300 per sq.ft, with a median value of Rs 1,950 per sq.ft. The guideline value for Sai Nagar is above this median, indicating its relative position within the area.

• Reddiyambakkam Main Road: Rs 1,650 per sq.ft (2024)
• Sathiya Gardens: Rs 4,300 per sq.ft (2024)
• Ramakrishnan Street: Rs 1,950 per sq.ft (2024)
• Rajendra Prasad Street: Rs 1,950 per sq.ft (2024)
• Rajendra Prasad: Rs 1,950 per sq.ft (2024)
• Project Aran: Rs 4,000 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, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. 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?

The Sai Nagar area is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Ottiyampakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area. Buyers and sellers should be aware that the guideline value is the basis for these calculations, ensuring compliance with local regulations.

When registering a property, the higher amount between the guideline value and the sale price will be considered for calculating the applicable duties and fees. This ensures that all transactions are conducted fairly and transparently, in line with government 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 much has the guideline value changed recently?

The guideline value increased from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

What is the land classification for Sai Nagar?

Sai Nagar is classified as Residential Special Type - I under the Selaiyur SRO.

Are there other streets in Ottiyampakkam with different guideline values?

Yes, there are other streets in Ottiyampakkam with varying guideline values, ranging from Rs 1,300 to Rs 4,300 per sq.ft as per the 2024 revision.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.