Guideline Value for SAI SUNDARAM NAGAR

Sai Sundaram Nagar guideline value

The current guideline value of Sai Sundaram Nagar is Rs 226 per sq.ft, effective from 1 July 2024. This area is located in Kizhnallathur & Melnallathur village under the Manavalanagar SRO, classified as Residential Class II Type - I.

How the guideline value of Sai Sundaram Nagar has changed

In the 2012 revision, the guideline value was Rs 225 per sq.ft. This figure saw a decrease of 33% in the following revision in 2017, bringing it down to Rs 151 per sq.ft. However, from 2017 to 2023, there was a significant increase of 50%, raising the value to Rs 226 per sq.ft. The 2023 revision maintained this value, which remains unchanged in the 2024 revision.

The register does not provide figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable with no overall change.

Guideline values in Kizhnallathur & Melnallathur

In Kizhnallathur & Melnallathur, there are 67 streets under the Manavalanagar SRO with a 2024 guideline value ranging from Rs 175 to Rs 1,201 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Sai Sundaram Nagar's 2024 figure below that median.

• Sai Santhosh Nagar: Rs 226 per sq.ft (2024)
• Sakthi Garden: Rs 1,201 per sq.ft (2024)
• Sai Nagar: Rs 300 per sq.ft (2024)
• Rp Nagar: Rs 250 per sq.ft (2024)
• Sankarachariyar Nagar: Rs 350 per sq.ft (2024)
• Shanmugam Nagar: Rs 226 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Sundaram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 226 per sq.ft, the total guideline value would be Rs 2,26,000. The stamp duty at 7% would amount to Rs 15,820, and the registration fee at 2% would be Rs 4,520, making the total cost for these fees Rs 20,340. 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 Sundaram Nagar?

The Sai Sundaram Nagar area falls under the jurisdiction of the Manavalanagar Sub Registrar Office. The address is Sub Registrar Office, Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kizhnallathur & Melnallathur

The guideline value is a crucial factor in the property registration process in Kizhnallathur & Melnallathur. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When registering a property, the guideline value serves as a baseline for calculating the fees, ensuring that the transaction is documented at a recognized value. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Sai Sundaram Nagar?

The current guideline value of Sai Sundaram Nagar is Rs 226 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most notable changes occurring from 2012 to 2017 when it decreased to Rs 151 per sq.ft, followed by a 50% increase to Rs 226 per sq.ft by 2023.

What is the land classification for Sai Sundaram Nagar?

Sai Sundaram Nagar is classified as Residential Class II Type - I according to the guidelines set by the Manavalanagar SRO.

What are the stamp duty rates for property in Sai Sundaram Nagar?

The stamp duty for property in Sai Sundaram Nagar is charged at 7% of the guideline value or the sale price, whichever is higher. This is in addition to a registration fee of 2%.

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

The Sub Registrar Office covering Sai Sundaram Nagar is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai. You can find more details about your SRO through the provided link.