Guideline Value for SAIBABA NAGAR

Saibaba Nagar guideline value

The current guideline value of Saibaba Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Tiruttani village, under the Thiruttani SRO, and is classified as Residential Class V Type - I.

How the guideline value of Saibaba Nagar has changed

The guideline value for Saibaba Nagar has undergone several revisions since 2017. In 2017, the guideline value was Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

Looking at the overall changes, the guideline value has increased by 64% from Rs 335 per sq.ft in 2017 to Rs 550 per sq.ft in 2024. The register does not provide figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft, with a median value of Rs 825 per sq.ft. Saibaba Nagar's current guideline value of Rs 550 per sq.ft is below this median.

• R I Nagar: Rs 825 per sq.ft (2024)
• Sandu Street: Rs 1,099 per sq.ft (2024)
• Reddykulam Street: Rs 1,099 per sq.ft (2024)
• Sannadhi Street: Rs 1,100 per sq.ft (2024)
• Sekarvarma Nagar: Rs 825 per sq.ft (2024)
• Semgiunthar Nagar: Rs 825 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 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total charges Rs 49,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Saibaba Nagar?

The Sub Registrar Office that covers Saibaba Nagar is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Tiruttani. It serves as the base value for calculating stamp duty and registration fees, ensuring that these charges are appropriately levied based on the property's value.

When buying or selling property, the guideline value helps determine the legal and financial obligations for both parties. It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Saibaba Nagar?

The current guideline value of Saibaba Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has changed from Rs 335 per sq.ft to Rs 550 per sq.ft in 2024, marking an overall increase of 64%.

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

For a 1,000 sq.ft plot valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles property registration for Saibaba Nagar?

The Thiruttani Sub Registrar Office handles property registration for Saibaba Nagar, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

What is the median guideline value for streets in Tiruttani?

The median guideline value for streets in Tiruttani is Rs 825 per sq.ft, while Saibaba Nagar's current value is below this median at Rs 550 per sq.ft.