Guideline Value for SAIBABA NAGAR

Saibaba Nagar guideline value

The current guideline value of Saibaba Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under Athilivakkam village and is classified as Residential Class I Type - I, under the jurisdiction of the Oothukkottai SRO.

How the guideline value of Saibaba Nagar has changed

According to the guideline value register, there are no figures available for Saibaba Nagar for the years 2002, 2003, 2007, 2012, and 2017. The register indicates that the guideline value was Rs 100 per sq.ft for both the 2023 and 2024 revisions, showing no change between these two years.

In summary, the 2024 revision maintains the same guideline value of Rs 100 per sq.ft as recorded in the 2023 revision, reflecting a change of +0% between these two periods.

Guideline values in Athilivakkam

Saibaba Nagar shares the same guideline value with other streets in Athilivakkam. The current guideline value for other streets in Athilivakkam is also Rs 100 per sq.ft.

• Thirumagal Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Saibaba Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would amount to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total cost for these fees Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Saibaba Nagar?

Saibaba Nagar is covered by the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai, with the postal code 602026. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Athilivakkam. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value to ensure compliance with local regulations and to accurately calculate the associated costs. This helps in making informed decisions during the property transaction process.

Frequently asked questions

What is the current guideline value of Saibaba Nagar?

The current guideline value of Saibaba Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for Saibaba Nagar for the years 2002, 2003, 2007, 2012, and 2017. The guideline value remained at Rs 100 per sq.ft for both the 2023 and 2024 revisions, with no change between these years.

What is the land classification of Saibaba Nagar?

Saibaba Nagar is classified as Residential Class I Type - I, which indicates its designation for residential purposes.

What are the stamp duty and registration fees for properties in Saibaba Nagar?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Saibaba Nagar located?

The Oothukkottai Sub Registrar Office, which covers Saibaba Nagar, is located near the government hospital in Uthukottai, Chennai, with the postal code 602026.