Guideline Value for SRI SAI NAGAR

Sri Sai Nagar guideline value

The current guideline value of Sri Sai Nagar, located in Arungal village under the Gooduvancheri SRO, is Rs 821 per sq.ft. This value was established in the 2023 revision. The land classification for this area is Residential Class II Type - II.

How the guideline value of Sri Sai Nagar has changed

In the 2017 revision, the guideline value was Rs 550 per sq.ft. This figure increased to Rs 821 per sq.ft in the 2023 revision, marking a change of +49%. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street.

The guideline value has seen a significant increase from the 2017 revision to the 2023 revision. The absence of figures in earlier revisions indicates that there were no recorded values for Sri Sai Nagar during those years, making the current value the most relevant for transactions.

Guideline values in Arungal

No specific village figures are provided for Arungal. Currently, Sri Sai Nagar is the only street mentioned under the Gooduvancheri SRO.

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 821 per sq.ft, the total guideline value amounts to Rs 8,21,000. The stamp duty at 7% would be Rs 57,470, and the registration fee at 2% would be Rs 16,420, making the total charges Rs 73,890. It is important to note that 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?

The Sri Sai Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Arungal, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the property's assessed value, which is essential for maintaining public services and infrastructure.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar?

The current guideline value of Sri Sai Nagar is Rs 821 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value increased from Rs 550 per sq.ft in 2017 to Rs 821 per sq.ft in 2023, reflecting a change of +49%. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street.

What is the land classification for Sri Sai Nagar?

Sri Sai Nagar is classified as Residential Class II Type - II, which indicates its intended use for residential purposes.

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

For a property valued at Rs 8,21,000, the stamp duty would be Rs 57,470 and the registration fee would be Rs 16,420, totaling Rs 73,890. These charges are based on the guideline value or the sale price, whichever is higher.

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

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