Guideline Value for SAI SARAN NAGAR

Sai Saran Nagar guideline value

The current guideline value of Sai Saran Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Devathanam village under the Ponneri Sub Registrar Office (SRO) and falls under the Residential Class II Type - I land classification.

How the guideline value of Sai Saran Nagar has changed

In the 2017 revision, the guideline value was Rs 67 per sq.ft. This figure increased to Rs 100 per sq.ft in the 2023 revision, marking a 49% rise. The 2024 revision maintains this value at Rs 100 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Sai Saran Nagar. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Devathanam

In Devathanam, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 111 per sq.ft, with the median being Rs 100 per sq.ft. Sai Saran Nagar's 2024 figure is equal to this median.

• Sai Krishna Nagar: Rs 100 per sq.ft (2024)
• Sakthi Sai Garden: Rs 100 per sq.ft (2024)
• Royal Modern City Phase II: Rs 100 per sq.ft (2024)
• Semmozhi Nagar Part II: Rs 100 per sq.ft (2024)
• Semmozhi Nagar Part III: Rs 100 per sq.ft (2024)
• Sri Ragavendhra Nagar: Rs 111 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Saran Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, which totals Rs 7,000, and the registration fee at 2% amounts to Rs 2,000. Therefore, the total cost for stamp duty and registration fees would be Rs 9,000. It is essential to note that the 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 Saran Nagar?

The Sai Saran Nagar area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Devathanam. It serves as the minimum value for which 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 helps determine the applicable taxes and fees. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring fair taxation in property transactions.

Frequently asked questions

What is the current guideline value of Sai Saran Nagar?

The current guideline value of Sai Saran Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, and it remains at Rs 100 per sq.ft in 2024. Overall, this represents a 49% increase from 2017 to 2024.

What are the other streets in Devathanam with their guideline values?

In addition to Sai Saran Nagar, other streets in Devathanam include Sai Krishna Nagar, Sakthi Sai Garden, Royal Modern City Phase II, Semmozhi Nagar Part II, Semmozhi Nagar Part III, and Sri Ragavendhra Nagar, with values ranging from Rs 100 to Rs 111 per sq.ft in 2024.

What are the fees associated with buying property in Sai Saran Nagar?

For a property valued at Rs 1,00,000, the stamp duty is Rs 7,000 and the registration fee is Rs 2,000, totaling Rs 9,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Sai Saran Nagar?

The Ponneri Sub Registrar Office handles property registrations for Sai Saran Nagar. The office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.