Guideline Value for SAI STREET

Sai Street guideline value

The current guideline value of Sai Street in Kilkattalai village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class I Type - III.

How the guideline value of Sai Street has changed

In the 2012 revision, the guideline value was set at Rs 2,000 per sq.ft. This figure remained unchanged in the 2017 revision, where it dropped to Rs 1,340 per sq.ft, marking a decrease of 33%. By the 2023 revision, the value increased to Rs 2,000 per sq.ft, and in the latest 2024 revision, it rose further to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value saw a significant increase of 49%. Overall, comparing the 2012 figure to the 2024 figure, there has been an increase of 10% over the twelve-year period.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, placing Sai Street's 2024 figure below this median.

• Sakthi Nagar: Rs 1,980 per sq.ft (2024)
• Sakthi Nagar Varasithi Vinayagar Street: Rs 1,980 per sq.ft (2024)
• Sandhiyamman Nagar: Rs 1,980 per sq.ft (2024)
• Sabari street: Rs 3,300 per sq.ft (2024)
• Rukmani ammal Street: Rs 2,160 per sq.ft (2024)
• Santhanakrishna Layout: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a total of Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sai Street?

The Sub Registrar Office that covers Sai Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kilkattalai. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable duties, which are charged on the higher of the guideline value or the actual sale price. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Sai Street?

The current guideline value of Sai Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Sai Street has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the other streets in Kilkattalai and their guideline values?

Other streets in Kilkattalai have varying guideline values, with rates ranging from Rs 1,980 to Rs 3,300 per sq.ft. For example, Sakthi Nagar and Sandhiyamman Nagar both have a guideline value of Rs 1,980 per sq.ft in 2024.

Where is the Sub Registrar Office for Sai Street located?

The Sub Registrar Office for Sai Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.