Guideline Value

Corporate

Guideline Value for SAI NARASIMMA GARDEN PHASE-6

₹103/sq.ft.

The guideline value for Sai Narasimma Garden Phase-6 in Nelli village (Salavakkam SRO, Chengalpattu zone) is Rs 103 per sq.ft, effective 1 July 2024. It was Rs 100 per sq.ft from 1 April 2023, a 3% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Nelli

Village

Salavakkam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹103 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹67 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹100 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/1a, Thottakkara Street, Salavakkam, 603 107
044-27275222
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sai Narasimma Garden Phase-6

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Sai Narasimma Garden Phase-6 guideline value

The current guideline value of Sai Narasimma Garden Phase-6 is Rs 103 per sq.ft, effective from 1 July 2024. This property is located in Nelli village under the Salavakkam SRO, classified as Residential Special Type - I.

How the guideline value of Sai Narasimma Garden Phase-6 has changed

The guideline value for Sai Narasimma Garden Phase-6 has seen several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which then decreased to Rs 67 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 100 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 103 per sq.ft, marking a 3% rise from the previous year.

It is important to note that the register has no figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 3%.

Guideline values in Nelli

Nelli village has 25 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 101 to Rs 103 per sq.ft, with the median being Rs 103 per sq.ft. Sai Narasimma Garden Phase-6's value aligns with this median.

Stamp duty and registration fee for property in Sai Narasimma Garden Phase-6

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value amounts to Rs 1,03,000. The stamp duty at 7% would be Rs 7,210, and the registration fee at 2% would be Rs 2,060, bringing the total cost to Rs 9,270. 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 Narasimma Garden Phase-6?

The Sai Narasimma Garden Phase-6 falls under the jurisdiction of the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nelli. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established rates.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable fees. This ensures that both the state and the property owner are fairly represented in the transaction.

Frequently asked questions

What is the current guideline value of Sai Narasimma Garden Phase-6?

The current guideline value of Sai Narasimma Garden Phase-6 is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has fluctuated, starting at Rs 100 per sq.ft in 2012, decreasing to Rs 67 per sq.ft in 2017, and then rising to Rs 100 per sq.ft in 2023 before reaching Rs 103 per sq.ft in 2024.

What is the land classification for Sai Narasimma Garden Phase-6?

Sai Narasimma Garden Phase-6 is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 9,270.

Which office handles registrations for Sai Narasimma Garden Phase-6?

The Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone, handles registrations for Sai Narasimma Garden Phase-6.