Guideline Value for SAI THIRUMALAI NAGAR

Sai Thirumalai Nagar guideline value

The current guideline value of Sai Thirumalai Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This village is part of Athur A Block under the Chengleput Joint II SRO, and the land classification is Residential Special Type - II.

How the guideline value of Sai Thirumalai Nagar has changed

The guideline value for Sai Thirumalai Nagar has remained consistent at Rs 500 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to this, the register has no figure for this street in the revisions of 2017, 2012, 2007, 2003, and 2002.

In summary, from 2023 to 2024, there has been no change in the guideline value, which stands at Rs 500 per sq.ft for both years.

Guideline values in Athur A Block

Athur A Block has a total of 44 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 300 to Rs 1,525 per sq.ft. The median guideline value for this area is Rs 600 per sq.ft, placing Sai Thirumalai Nagar's 2024 figure below that median.

• Sakthi Avenue: Rs 600 per sq.ft (2024)
• Sakthi Mangala Nagar: Rs 600 per sq.ft (2024)
• Rukmani Gardens: Rs 600 per sq.ft (2024)
• Saraswathy Nagar: Rs 600 per sq.ft (2024)
• Railway Nagar: Rs 300 per sq.ft (2024)
• Sivakami Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Thirumalai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, leading to a total of Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sai Thirumalai Nagar?

The Sub Registrar Office that covers Sai Thirumalai Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Athur A Block

The guideline value plays a crucial role in the registration process of property transactions in Athur A Block. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sai Thirumalai Nagar?

The current guideline value of Sai Thirumalai Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since the 2023 revision. There are no figures for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

What are the guideline values of other streets in Athur A Block?

Other streets in Athur A Block have a range of guideline values from Rs 300 to Rs 1,525 per sq.ft, with a median value of Rs 600 per sq.ft, which is above the value of Sai Thirumalai Nagar.

How is stamp duty calculated for properties in Sai Thirumalai Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 500 per sq.ft would incur a total stamp duty of Rs 35,000.

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

The Sub Registrar Office for Sai Thirumalai Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the relevant website.