Guideline Value for SAI NAGAR

Sai Nagar guideline value

The current guideline value of Sai Nagar, located in Kannampalayam village under the Kunrathur SRO, is Rs 1,210 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Sai Nagar has changed

The guideline value for Sai Nagar has seen significant changes over the years. The 2017 revision recorded a value of Rs 738 per sq.ft, which increased to Rs 1,102 per sq.ft in the 2023 revision. The latest revision in 2024 has further raised the guideline value to Rs 1,210 per sq.ft, marking a 10% increase from the previous year. The overall increase from 2017 to 2024 is 64%.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for Sai Nagar. The increase from 2017 to 2023 was 49%, highlighting the upward trend in the guideline value during this period.

Guideline values in Kannampalayam

In Kannampalayam, there are 75 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 765 to Rs 4,000 per sq.ft, with a median value of Rs 1,375 per sq.ft. Sai Nagar's current guideline value is below this median.

• Samy Reddy Nagar: Rs 765 per sq.ft (2024)
• R.A. Nagar: Rs 990 per sq.ft (2024)
• Sathya Nagar: Rs 990 per sq.ft (2024)
• Rajammal Nagar: Rs 935 per sq.ft (2024)
• Shunmuga Nagar: Rs 765 per sq.ft (2024)
• Silambarasan Avenue: Rs 955 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 1,210 per sq.ft, the total guideline value is Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total fees to Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sai Nagar?

The Sub Registrar Office that covers Sai Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kannampalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, it is essential to consider the guideline value as it can impact the overall costs associated with the transaction. Buyers should ensure they are aware of the current guideline value to avoid any surprises during registration.

Frequently asked questions

What is the current guideline value of Sai Nagar?

The current guideline value of Sai Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 738 per sq.ft to Rs 1,210 per sq.ft, which is an overall increase of 64%.

What is the registration office for Sai Nagar?

The registration office for Sai Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for property in Sai Nagar?

Stamp duty for property in Sai Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Other fees, such as the registration fee, are also applicable.

Are there other streets with different guideline values in Kannampalayam?

Yes, there are several other streets in Kannampalayam with varying guideline values. For instance, Samy Reddy Nagar has a guideline value of Rs 765 per sq.ft, while R.A. Nagar and Sathya Nagar both have values of Rs 990 per sq.ft.