Guideline Value for SHRIDI SAI BABA NAGAR

Shridi Sai Baba Nagar guideline value

The current guideline value of Shridi Sai Baba Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Thirumudivakkam village, under the Padappai Sub Registrar Office (SRO). The land classification for this street is Residential Class I Type - I.

How the guideline value of Shridi Sai Baba Nagar has changed

Looking at the revisions, the guideline value for Shridi Sai Baba Nagar has seen several changes over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased to Rs 800 per sq.ft in 2023, and then to Rs 880 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. It is important to note that the register has no figure for this street in the years 2002, 2003, and 2007.

In terms of percentage changes, the value rose by 49% from 2017 to 2023, while it decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Thirumudivakkam

In Thirumudivakkam, there are 56 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 3,860 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Shridi Sai Baba Nagar's current value below this median.

• Sidco Industrial Area: Rs 1,320 per sq.ft (2024)
• Selliamman Koil Street: Rs 880 per sq.ft (2024)
• Sekkizhar Nagar: Rs 1,320 per sq.ft (2024)
• Satheesh Nagar: Rs 660 per sq.ft (2024)
• Sri Devi Nagar: Rs 660 per sq.ft (2024)
• Sri Harish Nagar: Rs 660 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total charges to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shridi Sai Baba Nagar?

The Sub Registrar Office that covers Shridi Sai Baba Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when buying or selling property in Thirumudivakkam, as it determines the amount of stamp duty and registration fees that need to be paid. Buyers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value helps ensure that the transaction is in compliance with local regulations. It serves as a benchmark for property transactions, ensuring transparency and fairness in property dealings.

Frequently asked questions

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

The current guideline value of Shridi Sai Baba Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Shridi Sai Baba Nagar?

Shridi Sai Baba Nagar is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for a property in Shridi Sai Baba Nagar?

For a 1,000 sq.ft plot, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200 based on the current guideline value.

Where can I find the Sub Registrar Office for Shridi Sai Baba Nagar?

The Padappai Sub Registrar Office covers Shridi Sai Baba Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.