Guideline Value for SAI NAGAR

Sai Nagar guideline value

The current guideline value of Sai Nagar, located in Kizhottivakkam village, is Rs 350 per sq.ft, effective from 1 July 2024. This area falls under the jurisdiction of the Walajabad SRO and is classified as Residential Class I Type - I.

How the guideline value of Sai Nagar has changed

The guideline value for Sai Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 350 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 234 per sq.ft, marking a decrease of 33%. The value then increased significantly by 50% to Rs 350 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Therefore, the only revisions that reflect the guideline value are from 2012, 2017, 2023, and 2024.

Guideline values in Kizhottivakkam

In Kizhottivakkam, there are 12 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 750 per sq.ft. The median value for these streets is Rs 510 per sq.ft, placing Sai Nagar's 2024 figure below that median. The following are the guideline values for other streets in Kizhottivakkam:

• Ram Balaji Nagar: Rs 520 per sq.ft (2024)
• S.D.Garden: Rs 750 per sq.ft (2024)
• Subhedar M.E Selvaraj Gandhimadhi Nagar: Rs 350 per sq.ft (2024)
• Unnamed Layout-S.No:3/2d: Rs 500 per sq.ft (2024)
• Jayam Nagar: Rs 750 per sq.ft (2024)
• Balu Garden -II: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Nagar

For a 1,000 sq.ft plot in Sai Nagar at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty, charged at 7%, would be Rs 24,500, while the registration fee at 2% would be Rs 7,000. Therefore, the total cost for these fees would be Rs 31,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. 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 Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kizhottivakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that the guideline value may differ from the actual sale price.

When registering a property, the stamp duty is 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?

The current guideline value of Sai Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent being Rs 350 per sq.ft in 2023 and 2024, following a decrease to Rs 234 per sq.ft in 2017 from Rs 350 per sq.ft in 2012.

What are the other streets in Kizhottivakkam and their guideline values?

Other streets in Kizhottivakkam include Ram Balaji Nagar at Rs 520 per sq.ft, S.D.Garden at Rs 750 per sq.ft, and several others, with values ranging from Rs 200 to Rs 750 per sq.ft.

What are the stamp duty and registration fees for property in Sai Nagar?

For a 1,000 sq.ft plot in Sai Nagar, the total guideline value is Rs 3,50,000, resulting in a stamp duty of Rs 24,500 and a registration fee of Rs 7,000, totaling Rs 31,500.

Which office handles the registration for Sai Nagar?

The Walajabad Sub Registrar Office handles the registration for Sai Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.