Guideline Value for SRI SAI BABA NAGAR

Sri Sai Baba Nagar guideline value

The current guideline value of Sri Sai Baba Nagar is Rs 126 per sq.ft, effective from 1 July 2024. This area is located in Pusivakkam village and falls under the Walajabad SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Sri Sai Baba Nagar has changed

Looking at the historical revisions, the guideline value for Sri Sai Baba Nagar has seen several changes over the years. The 2012 revision set the value at Rs 125 per sq.ft, which then decreased to Rs 84 per sq.ft in the 2017 revision, marking a reduction of 33%. However, the value rebounded to Rs 126 per sq.ft in both the 2023 and 2024 revisions, indicating a 50% increase from the 2017 figure and no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by just 1%.

Guideline values in Pusivakkam

In Pusivakkam, there are 22 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 598 per sq.ft, with a median value of Rs 150 per sq.ft. The guideline value for Sri Sai Baba Nagar is below this median.

• Sri kamatchi nagar: Rs 100 per sq.ft (2024)
• Subiksham Nagar: Rs 250 per sq.ft (2024)
• Subiksham Nagar Phase-II: Rs 126 per sq.ft (2024)
• Sri Chellammal Nagar: Rs 150 per sq.ft (2024)
• Thamizh nagar: Rs 126 per sq.ft (2024)
• Sai Thiya Nagar: Rs 126 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 126 per sq.ft, the guideline value amounts to Rs 1,26,000. The stamp duty at 7% would be Rs 8,820, and the registration fee at 2% would be Rs 2,520, making the total Rs 11,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Sai Baba Nagar?

The Sub Registrar Office that covers Sri Sai Baba Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Pusivakkam. It determines the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on the guideline value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to understand this value, as it impacts the overall costs involved in the transaction, including taxes and fees.

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 126 per sq.ft from 2023 to 2024, increased by 50% from Rs 84 per sq.ft in 2017, and decreased from Rs 125 per sq.ft in 2012.

What is the land classification for Sri Sai Baba Nagar?

Sri Sai Baba Nagar is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 1,26,000, the stamp duty would be Rs 8,820.