Guideline Value for SAI NAGAR

Sai Nagar guideline value

The current guideline value of Sai Nagar in Kakkalur village, under the Tiruvallur Joint 1 SRO, is Rs 626 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - III land classification.

How the guideline value of Sai Nagar has changed

In the 2012 revision, the guideline value was Rs 625 per sq.ft. This figure decreased to Rs 419 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 626 per sq.ft in 2023. The 2024 revision maintained this value, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 concerning this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 626 per sq.ft.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value is Rs 626 per sq.ft, which is equal to the current guideline value of Sai Nagar.

• Sai Mount View Avenue: Rs 626 per sq.ft (2024)
• Sakthi Garden: Rs 626 per sq.ft (2024)
• Sakthi Nagar: Rs 626 per sq.ft (2024)
• R.V.Nagar: Rs 626 per sq.ft (2024)
• Samanthi Street: Rs 626 per sq.ft (2024)
• R.P. Nagar: Rs 626 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 626 per sq.ft, the total guideline value is Rs 6,26,000. The stamp duty at 7% amounts to Rs 43,820, while the registration fee at 2% is Rs 12,520. Together, the total cost for stamp duty and registration fee is Rs 56,340. 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 Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kakkalur. It is used to determine the amount of stamp duty and registration fees that must be paid when a property is bought or sold. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with local regulations. This value is updated periodically and reflects the official assessment of property worth in the area.

Frequently asked questions

What is the current guideline value of Sai Nagar?

The current guideline value of Sai Nagar is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From 2012 to 2017, the guideline value decreased from Rs 625 per sq.ft to Rs 419 per sq.ft. It then increased by 49% to Rs 626 per sq.ft in 2023, and this value has been maintained in the 2024 revision.

What is the land classification of Sai Nagar?

Sai Nagar falls under the Residential Class II Type - III land classification, indicating its designation for residential use.

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

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees amount to Rs 56,340.

Which office handles property registrations for Sai Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations for Sai Nagar. The office is located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.