Guideline Value for SAI SANTHOSH NAGAR

Sai Santhosh Nagar guideline value

The current guideline value of Sai Santhosh Nagar is Rs 226 per sq.ft, effective from 1 July 2024. This area is located in Kizhnallathur & Melnallathur village, under the Manavalanagar SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Sai Santhosh Nagar has changed

The guideline value for Sai Santhosh Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 225 per sq.ft, which slightly decreased to Rs 151 per sq.ft in 2017. From 2017 to 2023, there was a significant increase of 50%, bringing the value back to Rs 226 per sq.ft, which remained unchanged in the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained stable, with no net change.

Guideline values in Kizhnallathur & Melnallathur

In Kizhnallathur & Melnallathur, there are 67 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 1,201 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Sai Santhosh Nagar is below this median.

• Sai Sundaram Nagar: Rs 226 per sq.ft (2024)
• Sakthi Garden: Rs 1,201 per sq.ft (2024)
• Sai Nagar: Rs 300 per sq.ft (2024)
• Rp Nagar: Rs 250 per sq.ft (2024)
• Sankarachariyar Nagar: Rs 350 per sq.ft (2024)
• Shanmugam Nagar: Rs 226 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Santhosh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 226 per sq.ft, the total guideline value would be Rs 2,26,000. The stamp duty at 7% would amount to Rs 15,820, while the registration fee at 2% would be Rs 4,520, bringing the total to Rs 20,340. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sai Santhosh Nagar?

Sai Santhosh Nagar falls under the jurisdiction of the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. To find your SRO, you can visit this link.

How the guideline value is used when you buy or sell in Kizhnallathur & Melnallathur

The guideline value is a crucial factor during property registration in Kizhnallathur & Melnallathur. 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 is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Sai Santhosh Nagar?

The current guideline value of Sai Santhosh Nagar is Rs 226 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 226 per sq.ft. It was Rs 151 per sq.ft in 2017 and Rs 225 per sq.ft in 2012.

What are the guideline values for other streets in Kizhnallathur & Melnallathur?

The guideline values for other streets in Kizhnallathur & Melnallathur range from Rs 175 to Rs 1,201 per sq.ft, with a median of Rs 250 per sq.ft. Sai Santhosh Nagar's value is below this median.

What fees are associated with property registration in Sai Santhosh Nagar?

For a property in Sai Santhosh Nagar, the stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. An example for a 1,000 sq.ft plot shows a total cost of Rs 20,340.

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

The Sub Registrar Office covering Sai Santhosh Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.