Guideline Value for SAIRAM NAGAR EXTENSION - II

Sairam Nagar Extension - II guideline value

The current guideline value of Sairam Nagar Extension - II is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Karanaipuducheri village and falls under the Gooduvancheri SRO. The land classification for this street is Mixed Type - II.

How the guideline value of Sairam Nagar Extension - II has changed

Since the 2017 revision, the guideline value for Sairam Nagar Extension - II has remained stable at Rs 1,500 per sq.ft through the 2023 and 2024 revisions, showing no percentage change. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street, indicating a lack of recorded changes during those periods.

The 2024 revision maintains the same value as the previous years, with no increase from the 2023 revision, which also stood at Rs 1,500 per sq.ft. Overall, the guideline value has not changed from 2017 to 2024, remaining consistent at Rs 1,500 per sq.ft.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft. The median value for these streets is Rs 802 per sq.ft, positioning Sairam Nagar Extension - II above this median.

• Sai Ram Nagar Extension-I: Rs 700 per sq.ft (2024)
• Sairam Nagar: Rs 701 per sq.ft (2024)
• Sai Empire(350/10a3a,10b3a): Rs 1,200 per sq.ft (2024)
• Sai Empire(349/13,14): Rs 1,650 per sq.ft (2024)
• Sai Empire: Rs 1,650 per sq.ft (2024)
• Sakthi Vinayagar Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sairam Nagar Extension - II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total charges to Rs 1,35,000. It is important to note that 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 Sairam Nagar Extension - II?

The Sub Registrar Office that covers Sairam Nagar Extension - II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Karanaipuducheri. It determines the minimum value at which a property can be registered, ensuring that the transaction reflects the appropriate value for taxation purposes.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sairam Nagar Extension - II?

The current guideline value of Sairam Nagar Extension - II is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 1,500 per sq.ft from 2017 through 2024, with no recorded figures for the years 2002, 2003, 2007, and 2012.

What is the land classification for Sairam Nagar Extension - II?

The land classification for Sairam Nagar Extension - II is Mixed Type - II, which indicates the type of development allowed in the area.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees when buying or selling property. It ensures that the transaction is recorded at a fair value for taxation purposes.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.