Guideline Value for SAI SRINIVASA NAGAR PART-II

Sai Srinivasa Nagar Part-II guideline value

The current guideline value for Sai Srinivasa Nagar Part-II is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Sengundram - 1 village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Sai Srinivasa Nagar Part-II has changed

Historically, the guideline value for Sai Srinivasa Nagar Part-II has seen several revisions. The register has no figure for this street from the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 600 per sq.ft. This increased to Rs 660 per sq.ft in the 2024 revision, marking a change of +10% from the previous year.

As of the 2024 revision, the current guideline value stands at Rs 660 per sq.ft. This reflects the most recent adjustments made to the property values in the area.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, placing Sai Srinivasa Nagar Part-II below that median.

• Sai Srivari Nagar Part VIII (Chen): Rs 1,650 per sq.ft (2024)
• Sai Srivari Nagar Phase -II (Chen): Rs 1,650 per sq.ft (2024)
• Sai Srivari Nagar Phase -III (Chen): Rs 1,650 per sq.ft (2024)
• Sai Srivari Nagar Phase -IV (Chen): Rs 1,650 per sq.ft (2024)
• Rose Garden (Chen): Rs 770 per sq.ft (2024)
• Sathysai Nagar (Chen): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Srinivasa Nagar Part-II

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200. Together, the total cost for stamp duty and registration fee would be Rs 59,400. 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 detailed calculations.

Which Sub Registrar Office covers Sai Srinivasa Nagar Part-II?

The Sub Registrar Office that covers Sai Srinivasa Nagar Part-II is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

To find your specific SRO, you can visit this find your SRO page.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value plays a crucial role during the registration of property transactions in Sengundram - 1. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

It is essential for buyers and sellers to be aware of the guideline value, as it can significantly impact the overall costs involved in the transaction. Accurate knowledge of these values helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Sai Srinivasa Nagar Part-II?

The current guideline value of Sai Srinivasa Nagar Part-II is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sai Srinivasa Nagar Part-II has seen changes from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, which is an increase of +10%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Sengundram - 1?

The median guideline value in Sengundram - 1 is Rs 880 per sq.ft, with Sai Srinivasa Nagar Part-II being below this median at Rs 660 per sq.ft.

What are the stamp duty and registration fees for properties in Sai Srinivasa Nagar Part-II?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sai Srinivasa Nagar Part-II located?

The Sub Registrar Office covering Sai Srinivasa Nagar Part-II is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.