Guideline Value for SRI SAI BABA NAGAR

Sri Sai Baba Nagar guideline value

The current guideline value of Sri Sai Baba Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Kalvai village and falls under the Thiruporur SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Sri Sai Baba Nagar has changed

The guideline value for Sri Sai Baba Nagar has remained consistent at Rs 600 per sq.ft for the revisions in 2023 and 2024. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

From 2023 to 2024, there was no change in the guideline value, maintaining a rate of Rs 600 per sq.ft. This stability indicates that the valuation has not fluctuated over the past two years.

Guideline values in Kalvai

In Kalvai, there are 31 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, placing Sri Sai Baba Nagar's guideline value below this median.

• Sri Sainathapuram: Rs 1,000 per sq.ft (2024)
• Sri Sathiya Sai Nagar: Rs 400 per sq.ft (2024)
• Sri PRAGALATH NAGAR: Rs 1,493 per sq.ft (2024)
• Sri Vengadeshwara Nagar: Rs 400 per sq.ft (2024)
• Sri Yohan City: Rs 600 per sq.ft (2024)
• Sri Krishna Nagar: Rs 1,000 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 rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Sai Baba Nagar?

Sri Sai Baba Nagar is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Kalvai. It determines the minimum value at which the property can be registered, affecting the stamp duty and registration fees payable.

When buying or selling property, the guideline value helps ensure transparency in transactions. It serves as a reference point for both buyers and sellers to understand the value of the property in the context of the local real estate market.

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 600 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 600 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the revisions from 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sri Sai Baba Nagar?

Sri Sai Baba Nagar is classified as Residential Special Type - II. This classification is important for determining the uses permitted in the area.

What are the guideline values of other streets in Kalvai?

Other streets in Kalvai have varying guideline values. For instance, Sri Sainathapuram is valued at Rs 1,000 per sq.ft, while Sri Sathiya Sai Nagar is at Rs 400 per sq.ft.

How is stamp duty calculated for properties in Sri Sai Baba Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at a rate of 7%.