Guideline Value for SHRIDI SAI NAGAR

Shridi Sai Nagar guideline value

The current guideline value of Shridi Sai Nagar, located in Anumandhapuram village, is Rs 402 per sq.ft as per the 2024 revision. This value is effective from 1 July 2024 and falls under the New House Site Type -I (Individual House Site) land classification. The property is registered under the Chengleput Joint II SRO.

How the guideline value of Shridi Sai Nagar has changed

The guideline value for Shridi Sai Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 268 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 400 per sq.ft, reflecting a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 402 per sq.ft, a 1% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 1%.

Guideline values in Anumandhapuram

In Anumandhapuram, there are 12 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,200 per sq.ft. The median value is Rs 402 per sq.ft, placing Shridi Sai Nagar's current value at the median level.

• Senthamizh Nagar: Rs 400 per sq.ft (2024)
• Veerabathira Nagar: Rs 401 per sq.ft (2024)
• Viswanatha Puram: Rs 401 per sq.ft (2024)
• V P Swamy Nagar: Rs 200 per sq.ft (2024)
• M.M.Nagar: Rs 700 per sq.ft (2024)
• Kanaga Raman Avenue: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Shridi Sai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 402 per sq.ft, the total guideline value amounts to Rs 4,02,000. The stamp duty at 7% would be Rs 28,140, and the registration fee at 2% would be Rs 8,040, bringing the total fees to Rs 36,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shridi Sai Nagar?

Shridi Sai Nagar falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Anumandhapuram

The guideline value is a crucial factor when registering property transactions in Anumandhapuram. It serves as a benchmark for determining the minimum price at which a property can be sold and is often used to calculate the applicable stamp duty and registration fees.

When buying or selling property, both the buyer and seller must consider the guideline value to ensure compliance with local regulations. The registration office will use this value to assess the fees owed during the registration process.

Frequently asked questions

What is the current guideline value of Shridi Sai Nagar?

The current guideline value of Shridi Sai Nagar is Rs 402 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and finally to Rs 402 per sq.ft in 2024.

What is the land classification for Shridi Sai Nagar?

Shridi Sai Nagar is classified as a New House Site Type -I (Individual House Site).

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

For a property valued at Rs 4,02,000, the stamp duty would be Rs 28,140 and the registration fee would be Rs 8,040, totaling Rs 36,180.

Where is the Sub Registrar Office for Shridi Sai Nagar located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.