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 area falls under Sathamangalam village and is registered with the Madurandakam Sub Registrar Office. The land classification for this locality is Mixed Type - III.

How the guideline value of Shridi Sai Nagar has changed

Over the years, the guideline value of Shridi Sai Nagar has seen several revisions. In 2012, the guideline value was set at Rs 250 per sq.ft, which was then reduced to Rs 101 per sq.ft in 2017. This marked a significant decrease of 60%. The value remained at Rs 101 per sq.ft until the 2023 revision, where it was unchanged at Rs 151 per sq.ft. As of the 2024 revision, the guideline value remains at Rs 151 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was an increase of 50%, bringing the value back to Rs 151 per sq.ft. Overall, from 2012 to 2024, there has been a decrease of 40% in the guideline value. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sathamangalam

Currently, there are no specific village figures provided for Sathamangalam. Shridi Sai Nagar is one of the streets under the Madurandakam SRO. Unfortunately, there are no other streets in Sathamangalam listed in the available data.

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 would be Rs 1,51,000. The stamp duty at 7% would amount to Rs 10,570, and the registration fee at 2% would be Rs 3,020. Therefore, the total cost for these fees would be Rs 13,590. 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?

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 Sathamangalam

The guideline value is a crucial factor in the registration process when buying or selling property in Sathamangalam. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 changed from Rs 250 per sq.ft in 2012 to Rs 101 per sq.ft in 2017, then to Rs 151 per sq.ft in both 2023 and 2024, showing a 50% increase from 2017 to 2023.

What is the land classification of Shridi Sai Nagar?

Shridi Sai Nagar is classified as Mixed Type - III, indicating the nature of land use 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 are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 13,590.