Guideline Value for SAI NARASIMMA GARDEN

Sai Narasimma Garden guideline value

The current guideline value of Sai Narasimma Garden in Nelli village is Rs 103 per sq.ft, effective from 1 July 2024. This area falls under the Salavakkam Sub Registrar Office and is classified as Residential Special Type - I.

How the guideline value of Sai Narasimma Garden has changed

The guideline value for Sai Narasimma Garden has undergone several revisions over the years. In 2012, the value was set at Rs 100 per sq.ft, which then decreased to Rs 67 per sq.ft in 2017. Following this, the value increased significantly to Rs 100 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 103 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 3%.

Guideline values in Nelli

In Nelli village, there are 25 streets under the Salavakkam SRO that carry a 2024 guideline value, ranging from Rs 101 to Rs 103 per sq.ft. The median value for these streets is Rs 103 per sq.ft, which is the same as the guideline value for Sai Narasimma Garden.

• Sai Narasimma Garden Phase-1: Rs 103 per sq.ft (2024)
• Sai Narasimma Garden Phase-2: Rs 103 per sq.ft (2024)
• Sai Narasimma Garden Phase-3: Rs 103 per sq.ft (2024)
• Sai Narasimma Garden Phase-4: Rs 103 per sq.ft (2024)
• Sai Narasimma Garden Phase -5: Rs 103 per sq.ft (2024)
• Sai Narasimma Garden Phase-6: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Narasimma Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value would be Rs 1,03,000. The stamp duty at 7% would amount to Rs 7,210, and the registration fee at 2% would be Rs 2,060. Together, the total amount for stamp duty and registration fee would be Rs 9,270. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sai Narasimma Garden?

The Sai Narasimma Garden area is covered by the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. To find your SRO, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Nelli. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the authorities will calculate the applicable fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sai Narasimma Garden?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and finally to Rs 103 per sq.ft in 2024.

What is the land classification for Sai Narasimma Garden?

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

Where can I find the Salavakkam Sub Registrar Office?

The Salavakkam Sub Registrar Office is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is stamp duty calculated for properties in Nelli?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 103 per sq.ft, the total guideline value would be Rs 1,03,000, leading to a stamp duty of Rs 7,210.