Guideline Value for SRI SAI NAGAR

Sri Sai Nagar guideline value

The current guideline value of Sri Sai Nagar, located in Kavanur village under the Gooduvancheri SRO, is Rs 800 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Sri Sai Nagar has changed

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 536 per sq.ft, marking a decline of 33%. However, from 2017 to the 2023 revision, the value increased significantly by 49%, bringing it back to Rs 800 per sq.ft. The 2023 revision also maintained this value into the 2024 revision, showing no change of 0%.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has remained constant at Rs 800 per sq.ft.

Guideline values in Kavanur

Kavanur village has a total of 109 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 500 to Rs 2,239 per sq.ft. The median guideline value is Rs 800 per sq.ft, which is equal to the current figure for Sri Sai Nagar.

• Sri Sai Baba Nagar: Rs 700 per sq.ft (2024)
• Sri Sai Santhi Nagar Phase -I: Rs 670 per sq.ft (2024)
• Sri Sai Santhi Nagar Phase -II: Rs 1,000 per sq.ft (2024)
• Sri Varalakshmi Nagar: Rs 600 per sq.ft (2024)
• Sri Varalakshmi Nagar Extension: Rs 1,000 per sq.ft (2024)
• Sri Vigneshwarar Nagar: Rs 600 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 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Sai Nagar?

The Sub Registrar Office that covers Sri Sai Nagar is 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 Kavanur

The guideline value is a crucial figure used during the registration process of property transactions in Kavanur. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property sale or purchase.

When buying or selling a property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar?

The current guideline value of Sri Sai Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 800 per sq.ft. The value was Rs 536 per sq.ft in 2017 and was Rs 800 per sq.ft in both 2012 and 2023.

What is the land classification for Sri Sai Nagar?

Sri Sai Nagar is classified as Residential Special Type - III, which is relevant for determining the guideline value and applicable regulations.

Where can I find the Gooduvancheri Sub Registrar Office?

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

How is stamp duty calculated for properties in Sri Sai Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 at a rate of 7%.