Guideline Value for SAIRAM NAGAR EXTENSION II

Sairam Nagar Extension II guideline value

The current guideline value of Sairam Nagar Extension II is Rs 1,200 per sq.ft, effective from 1 July 2024. This property is located in Venkatapuram village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - II.

How the guideline value of Sairam Nagar Extension II has changed

The guideline value for Sairam Nagar Extension II has remained consistent at Rs 1,200 per sq.ft since the 2023 revision. Prior to this, there are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017 in the register for this street.

In the 2024 revision, the guideline value was set at Rs 1,200 per sq.ft, marking a change of +0% from the 2023 revision, which also held the same value. Thus, there has been no change in the guideline value between these two revisions.

Guideline values in Venkatapuram

In Venkatapuram, there are 29 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft, with a median of Rs 400 per sq.ft. The guideline value for Sairam Nagar Extension II is above this median.

• Sairam Nagar Extn: Rs 500 per sq.ft (2024)
• Sairam Nagar: Rs 500 per sq.ft (2024)
• Sapthagiri Nagar: Rs 400 per sq.ft (2024)
• Sathiya Narayana Nagar: Rs 400 per sq.ft (2024)
• Rajesh Nagar: Rs 400 per sq.ft (2024)
• Rainbow Garden: Rs 1,344 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 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sairam Nagar Extension II?

The Sairam Nagar Extension II is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Venkatapuram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the official rates set by the government.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration.

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 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed in recent years?

The guideline value for Sairam Nagar Extension II has remained unchanged at Rs 1,200 per sq.ft since the 2023 revision. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What are the guideline values for other streets in Venkatapuram?

Other streets in Venkatapuram have guideline values ranging from Rs 400 to Rs 1,344 per sq.ft. The median value for the area is Rs 400 per sq.ft, with Sairam Nagar Extension II being above this median.

What fees are associated with property registration in Sairam Nagar Extension II?

The fees for property registration in Sairam Nagar Extension II include a stamp duty of 7% and a registration fee of 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,08,000.

Where can I find the Sub Registrar Office for Sairam Nagar Extension II?

The Chengleput Joint II Sub Registrar Office covers Sairam Nagar Extension II and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about your SRO online.