Guideline Value for SAI RAM NAGAR

Sai Ram Nagar guideline value

The current guideline value of Sai Ram Nagar, located in Thiruvancheri village under the Pallavaram SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - IV.

How the guideline value of Sai Ram Nagar has changed

In the 2017 revision, the guideline value for Sai Ram Nagar was Rs 1,340 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still recorded at Rs 1,340 per sq.ft. However, in the 2024 revision, the guideline value increased significantly to Rs 2,200 per sq.ft, marking a 64% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has seen a total increase of 64%. It is important to note that there are no recorded figures for this street in the revisions from the years 2002, 2003, 2007, and 2012.

Guideline values in Thiruvancheri

In Thiruvancheri, there are 70 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 5,000 per sq.ft. The median guideline value in this area is Rs 1,980 per sq.ft, placing Sai Ram Nagar's 2024 figure above this median.

• Sai Nagar Salai: Rs 2,530 per sq.ft (2024)
• Sakthi Iyyanar Nagar: Rs 1,980 per sq.ft (2024)
• Sathish Avenue Phase I: Rs 2,530 per sq.ft (2024)
• Sathiyamoorthy Nagar: Rs 1,980 per sq.ft (2024)
• Ramar Koil Street: Rs 1,980 per sq.ft (2024)
• Selvavinayagar Kovil Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Ram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, calculated at 7%, would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, the total fees would amount to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sai Ram Nagar?

The Sai Ram Nagar area falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Thiruvancheri. It serves as a benchmark for determining the minimum value of a property, ensuring that the registration fees and stamp duties are calculated based on this value.

When buying or selling property, the guideline value helps to establish a fair price for both parties involved in the transaction. This ensures transparency and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Sai Ram Nagar?

The current guideline value of Sai Ram Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

From the 2017 revision to the 2024 revision, the guideline value has increased by 64%, from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft.

What are the guideline values of other streets in Thiruvancheri?

Other streets in Thiruvancheri have varying guideline values, with rates ranging from Rs 1,100 to Rs 5,000 per sq.ft. Sai Ram Nagar's 2024 figure is above the median of Rs 1,980 per sq.ft.

What fees are associated with buying property in Sai Ram Nagar?

When purchasing property in Sai Ram Nagar, the stamp duty is 7% and the registration fee is 2% of the guideline value. For example, a 1,000 sq.ft plot would incur a total fee of Rs 1,98,000.

Which office handles property registrations for Sai Ram Nagar?

The Pallavaram Sub Registrar Office handles property registrations for Sai Ram Nagar, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.