Guideline Value for SRI SAI BABA NAGAR

Sri Sai Baba Nagar guideline value

The current guideline value of Sri Sai Baba Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This locality is situated in Ammannmpakkam village and falls under the Arani_Tiruvallur SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Sri Sai Baba Nagar has changed

In the 2017 revision, the guideline value was Rs 201 per sq.ft. This figure increased by 49% to Rs 300 per sq.ft in the 2023 revision. The 2024 revision also maintains the guideline value at Rs 300 per sq.ft, showing no change from the previous year. The register has no figure for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. The consistent rate of Rs 300 per sq.ft in both 2023 and 2024 indicates stability in the guideline value for Sri Sai Baba Nagar.

Guideline values in Ammannmpakkam

Ammannmpakkam has 10 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft, with a median value of Rs 325 per sq.ft. The guideline value for Sri Sai Baba Nagar is below this median.

• Sri Srinivasa Nagar: Rs 200 per sq.ft (2024)
• Sri Thulasi Nagar: Rs 400 per sq.ft (2024)
• Sri Govindan Nagar: Rs 300 per sq.ft (2024)
• Sri Balaji Nagar: Rs 350 per sq.ft (2024)
• S.K. Leelavathy Nagar Annex: Rs 300 per sq.ft (2024)
• Lakshmi Nagar: Rs 350 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 detailed calculations.

Which Sub Registrar Office covers Sri Sai Baba Nagar?

The Sub Registrar Office that covers Sri Sai Baba Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ammannmpakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property being transacted. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

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

How has the guideline value changed over the years?

The guideline value has seen a significant increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the guideline values for other streets in Ammannmpakkam?

Other streets in Ammannmpakkam have varying guideline values ranging from Rs 200 to Rs 500 per sq.ft, with Sri Sai Baba Nagar being below the median value of Rs 325 per sq.ft.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 3,00,000, the total fees would amount to Rs 27,000.

Which office handles property registrations for Sri Sai Baba Nagar?

The Arani_Tiruvallur Sub Registrar Office is responsible for handling property registrations for Sri Sai Baba Nagar, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.