Guideline Value for SRI SAI NAGAR

Sri Sai Nagar guideline value

The current guideline value of Sri Sai Nagar, located in Thiruvathoor village under the Cheyyur SRO, is Rs 150 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Sri Sai Nagar has changed

The guideline value for Sri Sai Nagar has remained stable over the recent revisions. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 150 per sq.ft, which remained unchanged in the 2024 revision, reflecting a 0% increase.

Thus, the guideline value for Sri Sai Nagar has been consistent at Rs 150 per sq.ft since the 2023 revision. This stability indicates that the value has not fluctuated over these two years.

Guideline values in Thiruvathoor

In Thiruvathoor, three streets under the Cheyyur SRO have a guideline value for 2024 ranging from Rs 101 to Rs 150 per sq.ft, with a median value of Rs 150 per sq.ft. Sri Sai Nagar's 2024 figure aligns with this median.

• Sri Sai Nagar Part II: Rs 101 per sq.ft (2024)
• Senthamizh Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees together to Rs 13,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sai Nagar?

The Sri Sai Nagar area is covered by the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Thiruvathoor. It is used to assess the applicable stamp duty and registration fees, ensuring that these charges are calculated based on the official valuation rather than the sale price.

When buying or selling property, it is essential to be aware of the guideline value, as it directly impacts the financial obligations associated with the transaction. Buyers and sellers should refer to the latest guideline values to understand their costs accurately.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar?

The current guideline value of Sri Sai Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft since the 2023 revision, with no changes from previous years, including 2017, 2012, 2007, 2003, and 2002, where no figures were recorded for this street.

What are the stamp duty and registration fees for properties in Sri Sai Nagar?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 at 7%, and the registration fee would be Rs 3,000 at 2%, totaling Rs 13,500. Fees are based on the higher of the guideline value or the sale price.

Which Sub Registrar Office serves Sri Sai Nagar?

The Cheyyur Sub Registrar Office serves Sri Sai Nagar, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

How is the guideline value determined for properties in Thiruvathoor?

The guideline value for properties in Thiruvathoor is determined by the Registration Department's guideline value register. It reflects the official valuation used for calculating stamp duty and registration fees during property transactions.