Guideline Value for SHRIDI SAI NAGAR

Shridi Sai Nagar guideline value

The current guideline value of Shridi Sai Nagar is Rs 151 per sq.ft, effective from 1 July 2024. This locality is situated in Kunnathur village, under the Madurandakam Sub Registrar Office (SRO). The land classification for this area is Mixed Type - III.

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 most recent revision in 2024 maintains the value at Rs 151 per sq.ft, which is unchanged from the 2023 revision. Prior to this, in 2017, the guideline value was Rs 101 per sq.ft, reflecting a 50% increase over the six-year period. The 2012 revision had set the value at Rs 250 per sq.ft, marking a 60% decrease by 2017. Overall, from 2012 to 2024, the guideline value has decreased by 40%.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only registered values available are from 2012, 2017, 2023, and 2024.

Guideline values in Kunnathur

In Kunnathur, there are seven streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft, with a median value of Rs 101 per sq.ft. The guideline value for Shridi Sai Nagar is above this median.

• Sai Mugundha Garden: Rs 100 per sq.ft (2024)
• Thiraviyam City: Rs 100 per sq.ft (2024)
• T.Nagar: Rs 100 per sq.ft (2024)
• V.V.S.Nagar: Rs 101 per sq.ft (2024)
• Fwt Estates Empire City: Rs 200 per sq.ft (2024)
• T Nagar Phase-I: Rs 300 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 151 per sq.ft, the total guideline value amounts to Rs 1,51,000. The stamp duty, charged at 7%, would be Rs 10,570, while the registration fee at 2% would be Rs 3,020, bringing the total fees to Rs 13,590. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Shridi Sai Nagar?

The Sub Registrar Office that covers Shridi Sai Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Kunnathur. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to understand that the guideline value is set by the government and is subject to periodic revisions. This ensures that the values reflect current market conditions and land classifications.

Frequently asked questions

What is the current guideline value of Shridi Sai Nagar?

The current guideline value of Shridi Sai Nagar is Rs 151 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 151 per sq.ft from 2023 to 2024, increased by 50% from Rs 101 per sq.ft in 2017, and decreased by 60% from Rs 250 per sq.ft in 2012.

What is the land classification for Shridi Sai Nagar?

Shridi Sai Nagar is classified as Mixed Type - III, which indicates the type of land use permitted in the area.

Where is the Madurandakam Sub Registrar Office located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

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

Stamp duty for properties in Shridi Sai Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Registration fees are also applicable at a rate of 2%.