Guideline Value for SRI SAI BABA NAGAR

Sri Sai Baba Nagar guideline value

The current guideline value of Sri Sai Baba Nagar is Rs 900 per sq.ft, effective from 1 July 2024. This area is located in Chettipunniyam village under the Chengleput Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Sai Baba Nagar has changed

The guideline value for Sri Sai Baba Nagar has remained consistent over the recent revisions. In the 2023 revision, the value was Rs 900 per sq.ft, and this has not changed in the 2024 revision, which also lists it as Rs 900 per sq.ft. The register has no figures for this street in the years 2017, 2012, 2007, 2003, and 2002.

From 2023 to 2024, there was a change of +0%, indicating stability in the guideline value for this area. The consistent value reflects the median guideline value for the 47 streets in Chettipunniyam under the Chengleput Joint II SRO, which also stands at Rs 900 per sq.ft for 2024.

Guideline values in Chettipunniyam

In Chettipunniyam, the guideline values for 2024 range from Rs 700 to Rs 4,750 per sq.ft, with the median value being Rs 900 per sq.ft. Sri Sai Baba Nagar's guideline value is equal to this median, positioning it within the average range for the village.

• Sri Padmavathi Nagar 3: Rs 700 per sq.ft (2024)
• Sri Venkateswara Mount View Nagar: Rs 900 per sq.ft (2024)
• Sri Yoga Hayagrivar Vijayam Sowbhagya Housing: Rs 900 per sq.ft (2024)
• Sterling Builders Uds: Rs 1,200 per sq.ft (2024)
• Sri Hayagrivar Nagar Phase 5: Rs 900 per sq.ft (2024)
• Sri Hayagrivar Nagar Phase 3: Rs 900 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 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sai Baba Nagar?

Sri Sai Baba 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 details.

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

The guideline value is a crucial factor during property transactions in Chettipunniyam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements and to calculate applicable fees.

When registering a property, the guideline value is used to assess the stamp duty and registration fees, which are mandatory costs associated with the transaction. It is essential for both parties to be aware of the guideline value to avoid discrepancies during the registration process.

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 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Sai Baba Nagar has remained at Rs 900 per sq.ft from 2023 to 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

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

For a 1,000 sq.ft plot, the guideline value is Rs 9,00,000, leading to a stamp duty of Rs 63,000 and a registration fee of Rs 18,000, totaling Rs 81,000.

Where is the Chengleput Joint II SRO located?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for properties and to calculate the associated stamp duty and registration fees. It ensures compliance with legal requirements during property transactions.