Guideline Value for SAI RAM NAGAR

Sai Ram Nagar guideline value

The current guideline value of Sai Ram Nagar, located in Malliyankaranai village, is Rs 250 per sq.ft, effective from 1 July 2024. This property falls under the Uthiramerur SRO and is classified as Residential Class I Type - I.

How the guideline value of Sai Ram Nagar has changed

Over the years, the guideline value for Sai Ram Nagar has seen several revisions. The most recent revision in 2024 maintains the guideline value at Rs 250 per sq.ft, which is the same as the value from the previous year, 2023. Looking back further, the 2017 revision set the value at Rs 167 per sq.ft, marking a significant increase of 50% by 2023. The 2012 revision also had a value of Rs 250 per sq.ft, but this was a decrease of 33% from the 2017 figure. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2024, the overall change in guideline value is 0%, as the 2024 figure aligns with the 2012 value. This indicates stability in the guideline value over the last decade, despite fluctuations in earlier revisions.

Guideline values in Malliyankaranai

Malliyankaranai village features 42 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 603 per sq.ft. The median guideline value for these streets is Rs 401 per sq.ft, placing Sai Ram Nagar's 2024 figure below that median.

• Sami Nagar: Rs 250 per sq.ft (2024)
• Royal Enclave Phase III: Rs 300 per sq.ft (2024)
• Royal Enclave Phase-I Extension: Rs 251 per sq.ft (2024)
• Royal Enclave Phase I: Rs 300 per sq.ft (2024)
• Royal City: Rs 401 per sq.ft (2024)
• Ramji Nagar: Rs 300 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 250 per sq.ft, the guideline value totals Rs 2,50,000. The stamp duty at 7% amounts to Rs 17,500, and the registration fee at 2% is Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further 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 Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Malliyankaranai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation rather than fluctuating market prices.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and fairness in the registration process, aligning with government regulations.

Frequently asked questions

What is the current guideline value of Sai Ram Nagar?

The current guideline value of Sai Ram Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since 2012, with a significant increase of 50% from Rs 167 per sq.ft in 2017 to 2023. The values for 2002, 2003, and 2007 are not available in the register.

What is the median guideline value in Malliyankaranai?

The median guideline value for streets in Malliyankaranai is Rs 401 per sq.ft, while Sai Ram Nagar's current value is below this median.

What are the stamp duty rates for properties in Sai Ram Nagar?

The stamp duty rate for properties in Sai Ram Nagar is 7%, calculated on the higher of the guideline value or the sale price.

Where is the Uthiramerur Sub Registrar Office located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.