Guideline Value for SAI SARVESH NAGAR

Sai Sarvesh Nagar guideline value

The current guideline value of Sai Sarvesh Nagar is Rs 1,400 per sq.ft, effective from 1 July 2024. This area is located in Kumili village under the Thiruporur SRO, classified as Residential Special Type - II.

How the guideline value of Sai Sarvesh Nagar has changed

The guideline value for Sai Sarvesh Nagar has seen revisions since 2017. The 2017 revision set the value at Rs 938 per sq.ft, which remained unchanged at Rs 1,400 per sq.ft in the 2023 revision. The 2024 revision also maintains this figure, indicating no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase is also 49%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kumili

Kumili village features 21 streets under the Thiruporur SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. Sai Sarvesh Nagar's current value of Rs 1,400 per sq.ft is above the median value of Rs 400 per sq.ft for the village.

• Saastha Nagar: Rs 250 per sq.ft (2024)
• Rithivik Township Phase I, II, III, IV: Rs 1,493 per sq.ft (2024)
• Shri Kantha Garden: Rs 300 per sq.ft (2024)
• Shri Mayura Avenue: Rs 800 per sq.ft (2024)
• Somas Garden Phase I, II & III: Rs 400 per sq.ft (2024)
• Sri Vigneshwara Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Sarvesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, totaling Rs 1,26,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sai Sarvesh Nagar?

The Sai Sarvesh Nagar area falls under the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Kumili. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is registered, the authorities will assess the guideline value to ensure that the transaction is in line with the prevailing rates in the area. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Sai Sarvesh Nagar?

The current guideline value of Sai Sarvesh Nagar is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,400 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 938 per sq.ft in 2017 to Rs 1,400 per sq.ft in 2023 and 2024.

What is the land classification for Sai Sarvesh Nagar?

Sai Sarvesh Nagar is classified as Residential Special Type - II, indicating its designation for residential purposes within the area.

How is stamp duty calculated for properties in Sai Sarvesh 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 Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000, leading to a stamp duty of Rs 98,000.

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

The Sub Registrar Office covering Sai Sarvesh Nagar is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.