Guideline Value for SAINAGAR

Sainagar guideline value

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

How the guideline value of Sainagar has changed

In the 2017 revision, the guideline value was set at Rs 67 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 100 per sq.ft. The significant increase of 49% occurred between the 2017 and 2023 revisions, bringing the value to Rs 100 per sq.ft.

With the 2024 revision, the guideline value has remained at Rs 100 per sq.ft, showing no change from the previous year. The overall change from 2017 to 2024 is an increase of 49%.

Guideline values in Ammambakkam

Ammambakkam village has 14 streets under the Oothukkottai SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with a median value of Rs 100 per sq.ft. Sainagar's guideline value aligns with this median.

• Sai Nagar - I: Rs 100 per sq.ft (2024)
• Sathish Nagar: Rs 100 per sq.ft (2024)
• Sree Balaji Nagar: Rs 100 per sq.ft (2024)
• Sri Lakshmi Srinivasa Nagar: Rs 100 per sq.ft (2024)
• Sri Sai Nagar: Rs 100 per sq.ft (2024)
• Sri Thirumalai Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sainagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, while the registration fee at 2% would be Rs 2,000, leading to a total of Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sainagar?

The Sainagar area is covered by the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai 602026. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Ammambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sainagar?

The current guideline value of Sainagar in Ammambakkam village is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, and it remained at Rs 100 per sq.ft in 2024. This represents a 49% increase from 2017 to 2024.

What are the other streets in Ammambakkam with similar guideline values?

Other streets in Ammambakkam under the Oothukkottai SRO also have a guideline value of Rs 100 per sq.ft for 2024. These include Sai Nagar - I, Sathish Nagar, Sree Balaji Nagar, Sri Lakshmi Srinivasa Nagar, Sri Sai Nagar, and Sri Thirumalai Nagar.

How is stamp duty calculated in Sainagar?

Stamp duty in Sainagar is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 100 per sq.ft would incur a total stamp duty of Rs 7,000.

Where can I find my Sub Registrar Office?

The Sub Registrar Office covering Sainagar is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, Chennai 602026. You can find your specific SRO using the provided link.