Guideline Value for SRI SAI NAGAR PART II

Sri Sai Nagar Part II guideline value

The current guideline value of Sri Sai Nagar Part II is Rs 101 per sq.ft, effective from 1 July 2024. This area is located in Thiruvathoor village under the Cheyyur SRO and falls under the Residential Class I Type - II land classification.

How the guideline value of Sri Sai Nagar Part II has changed

The guideline value for Sri Sai Nagar Part II has seen a revision in 2024, increasing to Rs 101 per sq.ft from the previous rate of Rs 100 per sq.ft in 2023, marking a change of +1%. Prior to 2023, the register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

In summary, the only available figures for this street are from 2023 and 2024, with no recorded values for earlier revisions. The guideline value has shown a slight increase, reflecting the most recent adjustments made by the authorities.

Guideline values in Thiruvathoor

In Thiruvathoor, there are three streets under the Cheyyur SRO that carry a 2024 guideline value, ranging from Rs 101 to Rs 150 per sq.ft, with the median being Rs 150 per sq.ft. The guideline value for Sri Sai Nagar Part II is below this median.

• Sri Sai Nagar: Rs 150 per sq.ft (2024)
• Senthamizh Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sai Nagar Part II

For a 1,000 sq.ft plot at the current guideline value of Rs 101 per sq.ft, the total guideline value would be Rs 1,01,000. The stamp duty at 7% would amount to Rs 7,070, while the registration fee at 2% would be Rs 2,020, bringing the total cost to Rs 9,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri Sai Nagar Part II?

The Sub Registrar Office covering Sri Sai Nagar Part II is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, 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 Thiruvathoor

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruvathoor. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. 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 Part II?

The current guideline value of Sri Sai Nagar Part II is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Sai Nagar Part II increased from Rs 100 per sq.ft in 2023 to Rs 101 per sq.ft in 2024. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values for other streets in Thiruvathoor?

In Thiruvathoor, the guideline values for other streets include Rs 150 per sq.ft for both Sri Sai Nagar and Senthamizh Nagar in 2024.

What fees are associated with buying property in Sri Sai Nagar Part II?

When buying property in Sri Sai Nagar Part II, the stamp duty is charged at 7% of the higher of the guideline value or the sale price, while the registration fee is 2% of the guideline value or sale price.

Where is the Sub Registrar Office for Sri Sai Nagar Part II located?

The Cheyyur Sub Registrar Office, which covers Sri Sai Nagar Part II, is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.