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Guideline Value

Corporate

Guideline Value for SRI SAI NAGAR 1ST MAIN ROAD

₹5000/sq.ft.

The guideline value for Sri Sai Nagar 1st Main Road in Okkiyamthuraipakkam village (Neelankarai SRO, Chennai zone) is Rs 5000 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Okkiyamthuraipakkam

Village

Neelankarai

SRO

Residential Special Type - IV
History
Period Guideline Value
From 1-7-2024 ₹5000 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Sai Nagar 1st Main Road

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Sri Sai Nagar 1st Main Road guideline value

The current guideline value of Sri Sai Nagar 1st Main Road is Rs 5,000 per sq.ft, effective from 1 July 2024. This road is located in Okkiyamthuraipakkam village, under the Neelankarai SRO, and is classified as Residential Special Type - IV.

How the guideline value of Sri Sai Nagar 1st Main Road has changed

The guideline value for Sri Sai Nagar 1st Main Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 5,000 per sq.ft, which is an increase from Rs 4,500 per sq.ft in 2023, reflecting an 11% rise. Prior to that, in 2017, the value was Rs 3,015 per sq.ft, marking a significant increase of 49% when compared to the 2023 figure. The 2012 revision also recorded a value of Rs 4,500 per sq.ft, which was a decrease of 33% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are a total of 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Sri Sai Nagar 1st Main Road above that median with its 2024 figure of Rs 5,000 per sq.ft.

Stamp duty and registration fee for property in Sri Sai Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, making the total cost for these fees Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Sai Nagar 1st Main Road?

The Sri Sai Nagar 1st Main Road is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration of property in Okkiyamthuraipakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to property transactions. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar 1st Main Road?

The current guideline value of Sri Sai Nagar 1st Main Road is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2023 to Rs 5,000 per sq.ft in 2024. It was Rs 3,015 per sq.ft in 2017 and Rs 4,500 per sq.ft in 2012.

What is the land classification of Sri Sai Nagar 1st Main Road?

Sri Sai Nagar 1st Main Road is classified as Residential Special Type - IV.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in Sri Sai Nagar 1st Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000, leading to stamp duty and registration fees based on that amount.