Guideline Value for SHREE SAI NAGAR

Shree Sai Nagar guideline value

The current guideline value of Shree Sai Nagar, located in Kattavakkam village under the Walajabad SRO, is Rs 300 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Class I Type - III.

How the guideline value of Shree Sai Nagar has changed

Shree Sai Nagar has seen several revisions in its guideline value over the years. The earliest recorded revision was in 2012, where the guideline value was set at Rs 300 per sq.ft. This remained unchanged until the next revision in 2017, which saw a decrease to Rs 201 per sq.ft. However, the guideline value rebounded to Rs 300 per sq.ft in the 2023 revision and has remained the same in the 2024 revision, indicating no change from the previous year.

Between the revisions, there have been notable changes in the guideline value. From 2017 to 2023, the value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, comparing the values from 2012 to 2024, there has been no change, maintaining the guideline value at Rs 300 per sq.ft.

Guideline values in Kattavakkam

In Kattavakkam, there are 19 streets under the Walajabad SRO that carry a guideline value for 2024, ranging from Rs 300 to Rs 800 per sq.ft, with a median value of Rs 400 per sq.ft. Shree Sai Nagar's 2024 guideline value is below this median.

• Sri Balaji Nagar: Rs 350 per sq.ft (2024)
• Sri Kalaivani Nagar: Rs 400 per sq.ft (2024)
• Thirumalai Nagar: Rs 300 per sq.ft (2024)
• Ponniamman Nagr: Rs 400 per sq.ft (2024)
• Ponniamman Nagar Ext-II: Rs 400 per sq.ft (2024)
• Unick Garden: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Shree Sai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total cost for these fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shree Sai Nagar?

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

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

The guideline value is a crucial aspect when buying or selling property in Kattavakkam. It serves as a benchmark for determining the minimum value of a property, which is used for calculating stamp duty and registration fees at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers must be aware of the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Shree Sai Nagar?

The current guideline value of Shree Sai Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Shree Sai Nagar has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023 and 2024, showing no overall change from 2012 to 2024.

What is the land classification for Shree Sai Nagar?

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

What are the stamp duty and registration fees for property in Shree Sai Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 21,000, and the registration fee is Rs 6,000, totaling Rs 27,000 for these fees.

Which office handles the registration for Shree Sai Nagar?

The Walajabad Sub Registrar Office is responsible for handling registrations for Shree Sai Nagar, located at Sriperumbudur Road, Walajabad-631 605.