Guideline Value for SRI SAI BABA NAGAR

Sri Sai Baba Nagar guideline value

The current guideline value of Sri Sai Baba Nagar is Rs 1,102 per sq.ft, effective from 1 July 2024. This area is located in Allappakkam village under the Chengleput Joint I SRO, classified as Residential Special Type - III.

How the guideline value of Sri Sai Baba Nagar has changed

The guideline value for Sri Sai Baba Nagar has seen several revisions over the years. The 2012 revision was set at Rs 1,100 per sq.ft, which was a decrease of 33% from Rs 737 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 1,100 per sq.ft, and the latest 2024 revision has slightly increased it to Rs 1,102 per sq.ft, reflecting no percentage change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable at Rs 1,102 per sq.ft. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 2,000 per sq.ft. The median value among these streets is Rs 1,102 per sq.ft, which is equal to the guideline value of Sri Sai Baba Nagar.

• Sri Sastha Nagar: Rs 902 per sq.ft (2024)
• Sri Sawdambiga Nagar Phase-I: Rs 902 per sq.ft (2024)
• Sri Varalakshmi Nagar: Rs 800 per sq.ft (2024)
• Sri Manav Nagar: Rs 875 per sq.ft (2024)
• Star City Phase-I: Rs 1,102 per sq.ft (2024)
• Star City Phase-II: Rs 1,102 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,102 per sq.ft, the total guideline value amounts to Rs 11,02,000. The stamp duty at 7% would be Rs 77,140, and the registration fee at 2% would be Rs 22,040, resulting in a total of Rs 99,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Sai Baba Nagar?

The Sub Registrar Office that covers Sri Sai Baba Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Allappakkam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value or the sale price is considered to calculate the applicable duties, ensuring that the transaction is processed in accordance with the regulations set by the Registration Department.

Frequently asked questions

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

The current guideline value of Sri Sai Baba Nagar is Rs 1,102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable from 2012 to 2024, with a slight increase from Rs 1,100 per sq.ft in 2023 to Rs 1,102 per sq.ft in 2024. The value saw a significant increase of 49% from Rs 737 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2023.

What are the stamp duty and registration fees for properties in Sri Sai Baba Nagar?

For a 1,000 sq.ft property at the current guideline value, the total guideline value is Rs 11,02,000. The stamp duty is Rs 77,140, and the registration fee is Rs 22,040, making a total of Rs 99,180.

Which Sub Registrar Office covers this area?

The Chengleput Joint I Sub Registrar Office covers Sri Sai Baba Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of Sri Sai Baba Nagar?

Sri Sai Baba Nagar is classified as Residential Special Type - III, indicating its suitability for residential development under the guidelines set by the authorities.