Guideline Value for SAI SAMINATAH RESIDENCY

Sai Saminatah Residency guideline value

The current guideline value of Sai Saminatah Residency is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Nanmangalam village, under the Pallavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sai Saminatah Residency has changed

The guideline value for Sai Saminatah Residency has seen several revisions over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 525% increase. However, the value dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 2,500 per sq.ft in 2023, and most recently, it has been revised to Rs 2,750 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, the guideline value has increased by 588% from Rs 400 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024.

Guideline values in Nanmangalam

Nanmangalam village has 139 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,960 to Rs 3,850 per sq.ft. The median guideline value is Rs 2,750 per sq.ft, which is equal to the current value of Sai Saminatah Residency.

• Sakthi Nagar: Rs 1,960 per sq.ft (2024)
• Sampath Nagar: Rs 3,300 per sq.ft (2024)
• Rose Garden: Rs 1,960 per sq.ft (2024)
• Sarath Nagar: Rs 1,960 per sq.ft (2024)
• Rani Nagar: Rs 1,960 per sq.ft (2024)
• Rane Nagar: Rs 1,960 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Saminatah Residency

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sai Saminatah Residency?

Sai Saminatah Residency 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 information.

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

The guideline value is a crucial factor when registering property in Nanmangalam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in establishing a fair price for the transaction, while also ensuring compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Sai Saminatah Residency?

The current guideline value of Sai Saminatah Residency is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 588% over the years.

What is the stamp duty for property in Sai Saminatah Residency?

The stamp duty for a property valued at Rs 27,50,000 is calculated at 7%, which amounts to Rs 1,92,500.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

What are the guideline values of other streets in Nanmangalam?

Other streets in Nanmangalam have guideline values ranging from Rs 1,960 to Rs 3,300 per sq.ft, with the median being Rs 2,750 per sq.ft.