Guideline Value for SRI SAI NAGAR

Sri Sai Nagar guideline value

The current guideline value of Sri Sai Nagar, located in Siruvanchur village under the Gooduvancheri SRO, is Rs 400 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - II land classification.

How the guideline value of Sri Sai Nagar has changed

Over the years, the guideline value for Sri Sai Nagar has seen several revisions. The most recent revision in 2024 maintains the value at Rs 400 per sq.ft, which is the same as the 2023 revision. The 2017 revision recorded a value of Rs 268 per sq.ft, marking a significant increase of 49% from the previous 2012 revision, which was also Rs 400 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From the 2012 revision to 2017, the guideline value decreased by 33%. Overall, comparing the 2012 and 2024 revisions, there has been no change, as both years reflect a guideline value of Rs 400 per sq.ft.

Guideline values in Siruvanchur

In Siruvanchur, there are eight streets under the Gooduvancheri SRO that carry a 2024 guideline value, all set at Rs 400 per sq.ft, with the median also being Rs 400 per sq.ft. Sri Sai Nagar's 2024 figure aligns with this median.

• Sri Sai Nagar Part-I: Rs 400 per sq.ft (2024)
• Sri Sai Nagar Part-II: Rs 400 per sq.ft (2024)
• Maniyammai Nagar Ist Avenue: Rs 400 per sq.ft (2024)
• Maniyammai Nagar: Rs 400 per sq.ft (2024)
• Lake View: Rs 400 per sq.ft (2024)
• Kannaiya Nagar Phase-I: Rs 400 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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees together to Rs 36,000. 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?

Sri Sai Nagar falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Siruvanchur. It is used to determine the stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value as it directly impacts the financial obligations associated with the transaction. This ensures that both buyers and sellers are informed of the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar?

The current guideline value of Sri Sai Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2012 to 2024, with a significant increase from Rs 268 per sq.ft in 2017. The 2023 revision also maintained the value at Rs 400 per sq.ft.

What is the land classification for Sri Sai Nagar?

Sri Sai Nagar is classified as Residential Special Type - II. This classification is important for determining the appropriate guidelines and regulations for property transactions in the area.

Where can I find the registration office for Sri Sai Nagar?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 400 per sq.ft incurs a total guideline value of Rs 4,00,000, leading to specific fees for stamp duty and registration.