Guideline Value for SAI SUDHA NAGAR

Sai Sudha Nagar guideline value

The current guideline value of Sai Sudha Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This locality is situated in Thiruvellvoyal village, under the Ponneri SRO, and is classified as Residential Class III Type - V.

How the guideline value of Sai Sudha Nagar has changed

In the 2017 revision, the guideline value for Sai Sudha Nagar was Rs 67 per sq.ft. This figure saw a significant increase in the 2023 revision, where it rose to Rs 200 per sq.ft, marking a change of +199%. The 2024 revision maintained this value at Rs 200 per sq.ft, resulting in no change from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by +199%.

Guideline values in Thiruvellvoyal

In Thiruvellvoyal, there are 12 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 200 per sq.ft, with the median value being Rs 200 per sq.ft. Sai Sudha Nagar's 2024 guideline value is equal to this median.

• Selliyamman Nagar: Rs 200 per sq.ft (2024)
• Radha Mudaliar Nagar: Rs 200 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 200 per sq.ft (2024)
• Sri Sakthi Nagar Extention: Rs 150 per sq.ft (2024)
• Sri Vel Nagar: Rs 200 per sq.ft (2024)
• Vetri Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Sudha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees together to Rs 18,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sai Sudha Nagar?

The Sub Registrar Office covering Sai Sudha Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Thiruvellvoyal. It is used to calculate the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sai Sudha Nagar?

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

How has the guideline value changed over the years?

The guideline value for Sai Sudha Nagar increased from Rs 67 per sq.ft in 2017 to Rs 200 per sq.ft in 2023 and remained at Rs 200 per sq.ft in 2024. This represents an overall increase of +199% from 2017 to 2024.

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

The Ponneri Sub Registrar Office covers Sai Sudha Nagar and is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at the guideline value of Rs 200 per sq.ft incurs total fees of Rs 18,000.

What other streets in Thiruvellvoyal have guideline values?

Other streets in Thiruvellvoyal that have guideline values include Selliyamman Nagar, Radha Mudaliar Nagar, Sri Sakthi Nagar, Sri Sakthi Nagar Extention, Sri Vel Nagar, and Vetri Nagar, with values ranging from Rs 150 to Rs 200 per sq.ft.