Guideline Value for SRI SAI NAGAR PHASE-II
₹3200/sq.ft.
The guideline value for Sri Sai Nagar Phase-ii 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]
Records for a plot on Sri Sai Nagar Phase-ii
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Selaiyur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sri Sai Nagar Phase-II guideline value
The current guideline value of Sri Sai Nagar Phase-II is Rs 3,200 per sq.ft, effective from 1 July 2024. This property is located in Ottiyampakkam village under the Selaiyur SRO, classified as Mixed Type - II land.
How the guideline value of Sri Sai Nagar Phase-II has changed
The guideline value for Sri Sai Nagar Phase-II has undergone several revisions over the years. The oldest recorded figure is from 2017, where it was Rs 2,000 per sq.ft. This increased to Rs 2,986 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 sees the guideline value at Rs 3,200 per sq.ft, reflecting a 7% increase from the previous year. Notably, the overall increase from 2017 to 2024 is 60%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.
Guideline values in Ottiyampakkam
In Ottiyampakkam, there are 88 streets under the Selaiyur SRO that carry 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. Sri Sai Nagar Phase-II's 2024 figure is above this median.
- Sri Sai Nagar Phase-III: Rs 3,200 per sq.ft (2024)
- Sri Sai Nagar Annexe: Rs 3,200 per sq.ft (2024)
- Sri Sai Nagar: Rs 3,200 per sq.ft (2024)
- Sri Krishna Nagar: Rs 1,950 per sq.ft (2024)
- Tellus Avenue: Rs 3,200 per sq.ft (2024)
- Tellus Avenue Phase-II: Rs 3,200 per sq.ft (2024)
Stamp duty and registration fee for property in Sri Sai Nagar Phase-II
For a 1,000 sq.ft plot at the current rate of Rs 3,200 per sq.ft, 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, totaling Rs 2,88,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Sri Sai Nagar Phase-II?
The Sub Registrar Office covering Sri Sai Nagar Phase-II is the Selaiyur Sub Registrar Office, 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 is a crucial factor when registering property transactions in Ottiyampakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.
When a buyer or seller approaches the registration office, the guideline value is used to calculate the necessary fees, ensuring that both parties are aware of the financial implications of the transaction. This process helps maintain transparency and compliance with local regulations.
Frequently asked questions
What is the current guideline value of Sri Sai Nagar Phase-II?
The current guideline value of Sri Sai Nagar Phase-II 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 from Rs 2,000 per sq.ft in 2017 to Rs 2,986 per sq.ft in 2023, and now to Rs 3,200 per sq.ft in 2024. This represents an overall increase of 60% from 2017 to 2024.
What are the other streets in Ottiyampakkam with similar guideline values?
Other streets in Ottiyampakkam with similar guideline values include Sri Sai Nagar Phase-III, Sri Sai Nagar Annexe, and Tellus Avenue, all at Rs 3,200 per sq.ft in 2024.
What is the registration fee for properties in Sri Sai Nagar Phase-II?
The registration fee for properties in Sri Sai Nagar Phase-II is 2% of the guideline value. For example, for a property valued at Rs 32,00,000, the registration fee would be Rs 64,000.
Where is the Sub Registrar Office for Sri Sai Nagar Phase-II located?
The Sub Registrar Office for Sri Sai Nagar Phase-II is located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.
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