Guideline Value for SAIRAM CITY

Sairam City guideline value

The current guideline value of Sairam City, located in Parivakkam village under the Poonamallee SRO, is Rs 990 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - II.

How the guideline value of Sairam City has changed

The guideline value for Sairam City has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 990 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 900 per sq.ft. Prior to that, the 2017 revision also recorded a value of Rs 900 per sq.ft, indicating no change from 2017 to 2023. The register has no figure for the years 2012, 2007, 2003, and 2002 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 10%. This consistent increase reflects the adjustments made in the recent revisions, particularly the significant jump from 2023 to 2024.

Guideline values in Parivakkam

In Parivakkam, there are 31 streets under the Poonamallee SRO carrying a 2024 guideline value ranging from Rs 660 to Rs 6,750 per sq.ft. The median guideline value in this area is Rs 1,800 per sq.ft, placing Sairam City's 2024 figure below that median.

• Romaa Majestic: Rs 2,350 per sq.ft (2024)
• Prime Gardens: Rs 1,440 per sq.ft (2024)
• Srinivasa Nagar: Rs 1,320 per sq.ft (2024)
• Pav Green Field: Rs 3,000 per sq.ft (2024)
• Oom Sundaram Nagar: Rs 1,550 per sq.ft (2024)
• Om Sakthi Nagar: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Sairam City

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost to Rs 89,100. 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 Sairam City?

The Sub Registrar Office that covers Sairam City is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Parivakkam. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to calculate the associated costs accurately.

When a property is sold, the guideline value is referenced to ascertain the minimum value for registration. This ensures that the property is registered at a value that reflects the current market conditions as per the official guidelines.

Frequently asked questions

What is the current guideline value of Sairam City?

The current guideline value of Sairam City is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2023 to Rs 990 per sq.ft in 2024, marking a 10% increase. There was no change from 2017 to 2023, with Rs 900 per sq.ft recorded in both years.

What is the land classification for Sairam City?

Sairam City is classified as Mixed Type - II, which indicates the type of development permitted in the area.

What are the registration fees for properties in Sairam City?

The registration fees for properties in Sairam City include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sairam City?

The Sub Registrar Office for Sairam City is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.