Guideline Value for SAI RAM NAGAR

Sai Ram Nagar guideline value

The current guideline value of Sai Ram Nagar is Rs 2,540 per sq.ft, as per the 2023 revision. This area falls under the Thiruporur Sub Registrar Office (SRO) in the Chengalpattu zone and is classified as Residential Class I Type - III.

How the guideline value of Sai Ram Nagar has changed

In the 2017 revision, the guideline value for Sai Ram Nagar was set at Rs 2,540 per sq.ft. This figure remained unchanged in the subsequent 2023 revision, which also recorded the guideline value at Rs 2,540 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street.

Between the 2017 and 2023 revisions, there was no change in the guideline value, indicating stability in the valuation during this period. The guideline value has consistently remained at Rs 2,540 per sq.ft since the 2017 revision, reflecting a steady valuation for Sai Ram Nagar.

Guideline values in Thaiyur - B

Currently, there are no specific village figures provided for the guideline values in Thaiyur - B. Sai Ram Nagar is one of the streets in this area, and it is important to note that there are no other streets in Thaiyur - B under the Thiruporur SRO listed in the available data.

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 2,540 per sq.ft, the total guideline value amounts to Rs 25,40,000. The stamp duty, charged at 7%, would be Rs 1,77,800, and the registration fee at 2% would be Rs 50,800. Together, the total fees would amount to Rs 2,28,600. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sai Ram Nagar?

The Sai Ram Nagar area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. For further assistance, you can find your SRO.

How the guideline value is used when you buy or sell in Thaiyur - B

The guideline value plays a crucial role in the registration process when buying or selling property in Sai Ram Nagar and the broader Thaiyur - B area. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted transparently and fairly.

When a property is sold, the guideline value is referenced to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sai Ram Nagar?

The current guideline value of Sai Ram Nagar is Rs 2,540 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Sai Ram Nagar has remained at Rs 2,540 per sq.ft since the 2017 revision, with no changes noted in the 2023 revision. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street.

What land classification does Sai Ram Nagar fall under?

Sai Ram Nagar is classified as Residential Class I Type - III, indicating its designation for residential use within the real estate framework.

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

For a property valued at Rs 25,40,000, the stamp duty would be Rs 1,77,800 and the registration fee would be Rs 50,800, totaling Rs 2,28,600. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sai Ram Nagar located?

The Thiruporur Sub Registrar Office, which covers Sai Ram Nagar, is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.