Guideline Value for SAI SAMPATH NAGAR

Sai Sampath Nagar guideline value

The current guideline value of Sai Sampath Nagar is Rs 2,310 per sq.ft, effective from 1 July 2024. This street is located in Malayambakkam village, under the Kunrathur SRO, and is classified as Residential Class III Type - II.

How the guideline value of Sai Sampath Nagar has changed

The guideline value for Sai Sampath Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,310 per sq.ft, an increase of 10% from the previous year's figure of Rs 2,100 per sq.ft established in 2023. It is important to note that the register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value rose from Rs 2,100 per sq.ft in 2023 to Rs 2,310 per sq.ft in 2024. This increase reflects the adjustments made in the guideline values across various streets in the region.

Guideline values in Malayambakkam

In Malayambakkam, there are 82 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 2,750 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value of Sai Sampath Nagar is above this median.

• Sai Sri Boobathi Nagar: Rs 2,200 per sq.ft (2024)
• Sakthi Nagar: Rs 880 per sq.ft (2024)
• Sagunthala Avenue: Rs 2,750 per sq.ft (2024)
• Royal City: Rs 1,800 per sq.ft (2024)
• Ram Nagar: Rs 1,210 per sq.ft (2024)
• Ramachandra Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Sampath Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value amounts to Rs 23,10,000. The stamp duty at 7% would be Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total to Rs 2,07,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sai Sampath Nagar?

The Sai Sampath Nagar area falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more details, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Malayambakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is set by the Registration Department and is updated periodically to reflect changes in the real estate market.

When selling property, the guideline value ensures that the transaction is registered at a fair price, which helps maintain transparency in the real estate market. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value for Sai Sampath Nagar?

The current guideline value for Sai Sampath Nagar is Rs 2,310 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased by 10% from Rs 2,100 per sq.ft in 2023 to Rs 2,310 per sq.ft in 2024.

What is the land classification for Sai Sampath Nagar?

Sai Sampath Nagar is classified as Residential Class III Type - II under the guideline value register.

Where can I find the Sub Registrar Office for Sai Sampath Nagar?

The Kunrathur Sub Registrar Office covers Sai Sampath Nagar and is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Sai Sampath Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 2,310 per sq.ft, the total guideline value would be Rs 23,10,000.