Guideline Value for SRI SAI NAGAR

Sri Sai Nagar guideline value

The current guideline value of Sri Sai Nagar, located in Pulipurakoil village, is Rs 100 per sq.ft, effective from 1 July 2024. This property falls under the Madurandakam SRO and is classified as a New House Site Type -I (Individual House Site).

How the guideline value of Sri Sai Nagar has changed

Since the register has no figures for the years 2002, 2003, and 2007, we begin with the 2012 revision, which recorded a guideline value of Rs 100 per sq.ft. The value remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft, marking a decline of 33%. The 2023 revision saw the value return to Rs 100 per sq.ft, and the current 2024 revision maintains this rate, showing no change from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2012 revision to the current 2024 figure, there has been no change in the guideline value, remaining at Rs 100 per sq.ft.

Guideline values in Pulipurakoil

In Pulipurakoil, there are six streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft, with a median of Rs 120 per sq.ft. Sri Sai Nagar's 2024 figure is below this median.

• Sri Azhagu Thiruvathamman Nagar: Rs 101 per sq.ft (2024)
• Sakthi Nagar Phase-II: Rs 120 per sq.ft (2024)
• Gokulam Nagar Phase -II: Rs 150 per sq.ft (2024)
• Gokulam Nagar: Rs 120 per sq.ft (2024)
• Durgai Nagar: Rs 300 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 rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, totaling Rs 7,000, while the registration fee is 2%, amounting to Rs 2,000. Therefore, the total cost for stamp duty and registration fees together is Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sai Nagar?

The Madurandakam Sub Registrar Office covers Sri Sai Nagar. The office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when buying or selling property, as it determines the minimum value at which the property can be registered. During registration, the stamp duty and registration fees are calculated based on this guideline value, ensuring that all transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar?

The current guideline value of Sri Sai Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent change being from Rs 100 per sq.ft in 2023 to Rs 100 per sq.ft in 2024, indicating no change. The value also decreased from Rs 100 in 2012 to Rs 67 in 2017 before returning to Rs 100 in 2023.

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

For a property valued at Rs 1,00,000, the stamp duty is Rs 7,000, and the registration fee is Rs 2,000, totaling Rs 9,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registration for Sri Sai Nagar?

The Madurandakam Sub Registrar Office is responsible for property registration in Sri Sai Nagar. It is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What is the land classification for Sri Sai Nagar?

Sri Sai Nagar is classified as a New House Site Type -I (Individual House Site), which indicates its suitability for residential development.