Guideline Value

Corporate

Guideline Value for SRI SAI NAGAR PHASE-III

₹3200/sq.ft.

The guideline value for Sri Sai Nagar Phase-iii in Ottiyampakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 3200 per sq.ft, effective 1 July 2024. It was Rs 2986 per sq.ft from 1 April 2023, a 7% change. The land classification is Mixed Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Ottiyampakkam

Village

Selaiyur

SRO

Mixed Type - II
History
Period Guideline Value
From 1-7-2024 ₹3200 /sq.ft.
From 1-4-2023 ₹2986 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2000 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Sai Nagar Phase-iii

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Sri Sai Nagar Phase-III guideline value

The current guideline value for Sri Sai Nagar Phase-III is Rs 3,200 per sq.ft, effective from 1 July 2024. This area is located in Ottiyampakkam village, under the Selaiyur Sub Registrar Office (SRO), with a land classification of Mixed Type - II.

How the guideline value of Sri Sai Nagar Phase-III has changed

The guideline value for Sri Sai Nagar Phase-III has seen significant changes over the years. The 2017 revision set the value at Rs 2,000 per sq.ft, which increased to Rs 2,986 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 3,200 per sq.ft, representing a 7% increase from the previous year. The register has no figures 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 60%. This reflects the changes in property valuations in the area over the past several years.

Guideline values in Ottiyampakkam

In Ottiyampakkam, there are 88 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 1,300 to Rs 4,300 per sq.ft, with a median value of Rs 1,950 per sq.ft. The guideline value for Sri Sai Nagar Phase-III is above this median.

Stamp duty and registration fee for property in Sri Sai Nagar Phase-III

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 32,00,000. The stamp duty at 7% would be Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, making the total Rs 2,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Sai Nagar Phase-III?

The Selaiyur Sub Registrar Office covers Sri Sai Nagar Phase-III. The office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Ottiyampakkam. It is used to determine the stamp duty and registration fees that are applicable during the registration process. Buyers and sellers must be aware of the current guideline value to ensure they are paying the correct fees.

When a property is sold, the guideline value is compared with the sale price. The higher of the two is used to calculate the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar Phase-III?

The current guideline value of Sri Sai Nagar Phase-III is Rs 3,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,000 per sq.ft in 2017 to Rs 3,200 per sq.ft in 2024, which is an overall increase of 60%.

What are the stamp duty and registration fees for property in Sri Sai Nagar Phase-III?

The stamp duty is 7% and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 2,88,000.

Which Sub Registrar Office covers Sri Sai Nagar Phase-III?

The Selaiyur Sub Registrar Office covers Sri Sai Nagar Phase-III, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is important to use the higher value between the guideline value and the sale price for these calculations.