Guideline Value for SHIRDI SAI BABA NAGAR

Shirdi Sai Baba Nagar guideline value

The current guideline value of Shirdi Sai Baba Nagar is Rs 310 per sq.ft, effective from 1 July 2024. This area is located in Ambakkam village under the Walajabad SRO and is classified as Residential Class I Type - I.

How the guideline value of Shirdi Sai Baba Nagar has changed

The guideline value for Shirdi Sai Baba Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 300 per sq.ft. This was followed by a decrease to Rs 201 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 300 per sq.ft. The most recent revision in 2024 saw a further increase of 3%, resulting in the current value of Rs 310 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 3%. The changes between the revisions highlight the fluctuations in value over the years, with the most notable increase occurring between 2017 and 2023.

Guideline values in Ambakkam

In Ambakkam, three streets under the Walajabad SRO have a guideline value for 2024 ranging from Rs 310 to Rs 400 per sq.ft, with a median value of Rs 310 per sq.ft. Shirdi Sai Baba Nagar's 2024 figure aligns with this median.

• Anwin Roshen Nagar: Rs 310 per sq.ft (2024)
• Subiksham Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Shirdi Sai Baba Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 310 per sq.ft, the total guideline value amounts to Rs 3,10,000. The stamp duty at 7% would be Rs 21,700, and the registration fee at 2% would be Rs 6,200, making the total cost for these fees Rs 27,900. 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 details.

Which Sub Registrar Office covers Shirdi Sai Baba Nagar?

The Sub Registrar Office that covers Shirdi Sai Baba Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Ambakkam. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures that the fees are based on a standardized value set by the government.

Additionally, the guideline value serves as a reference point for both buyers and sellers. It helps in determining the minimum value at which a property can be registered, ensuring transparency in the property transaction process.

Frequently asked questions

What is the current guideline value of Shirdi Sai Baba Nagar?

The current guideline value of Shirdi Sai Baba Nagar is Rs 310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 310 per sq.ft in 2024.

What is the land classification for Shirdi Sai Baba Nagar?

Shirdi Sai Baba Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Shirdi Sai Baba Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 3,10,000, the stamp duty at 7% would be Rs 21,700.