Guideline Value for SRI SAI NAGAR EXTENSION IV

Sri Sai Nagar Extension IV guideline value

The current guideline value of Sri Sai Nagar Extension IV is Rs 4,110 per sq.ft. This area is located in Mannivakkam village and falls under the Gooduvancheri SRO. The land classification for this street is Mixed Type - II.

How the guideline value of Sri Sai Nagar Extension IV has changed

The guideline value for Sri Sai Nagar Extension IV has seen significant changes over the years. The 2017 revision recorded a value of Rs 2,500 per sq.ft. This was followed by a substantial increase to Rs 3,732 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has set the guideline value at Rs 4,110 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mannivakkam

In Mannivakkam, there are 118 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 4,300 per sq.ft. The median value for these streets is Rs 1,215 per sq.ft, and Sri Sai Nagar Extension IV's value is above this median.

• Sri Sai Nagar Extension-III: Rs 4,110 per sq.ft (2024)
• Sri Sai Nagar Extension -II: Rs 4,110 per sq.ft (2024)
• Sri Sai Nagar Extension-I: Rs 4,110 per sq.ft (2024)
• Sri Sai Ram Nagar: Rs 1,320 per sq.ft (2024)
• Sri Sai Nagar: Rs 990 per sq.ft (2024)
• Sri Sathya Narayana Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sai Nagar Extension IV

For a 1,000 sq.ft plot at the current guideline value of Rs 4,110 per sq.ft, the total guideline value amounts to Rs 41,10,000. The stamp duty is charged at 7%, which totals Rs 2,87,700, while the registration fee at 2% amounts to Rs 82,200. Together, the total fees would be Rs 3,69,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Sai Nagar Extension IV?

The Sub Registrar Office that covers Sri Sai Nagar Extension IV is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Mannivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar Extension IV?

The current guideline value of Sri Sai Nagar Extension IV is Rs 4,110 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 2,500 per sq.ft to Rs 4,110 per sq.ft in 2024, representing a total increase of 64% over the years.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 41,10,000, the stamp duty is Rs 2,87,700, and the registration fee is Rs 82,200, totaling Rs 3,69,900. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Sri Sai Nagar Extension IV?

The Gooduvancheri Sub Registrar Office handles registrations for Sri Sai Nagar Extension IV. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What is the land classification for Sri Sai Nagar Extension IV?

The land classification for Sri Sai Nagar Extension IV is Mixed Type - II, indicating a diverse use of land in the area.