Guideline Value for SRI SAI NAGAR
₹2725/sq.ft.
The guideline value for Sri Sai Nagar in Perumbakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2725 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Perumbakkam
Village
Selaiyur
SRO
Residential Special Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹2725 /sq.ft. |
| From 1-4-2023 | ₹2500 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹1675 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹2500 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]
Records for a plot on Sri Sai Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Selaiyur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sri Sai Nagar guideline value
The current guideline value of Sri Sai Nagar, located in Perumbakkam village under the Selaiyur SRO, is Rs 2,725 per sq.ft. This value is effective from the 2024 revision, which took effect on 1 July 2024. The land classification for this area is Residential Special Type - I.
How the guideline value of Sri Sai Nagar has changed
The guideline value for Sri Sai Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 1,675 per sq.ft, marking a decrease of 33%. However, the value significantly increased in 2023 to Rs 2,500 per sq.ft, and again rose to Rs 2,725 per sq.ft in 2024, reflecting a 9% increase from the previous year.
From 2017 to 2023, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 9%. The revisions from 2002, 2003, and 2007 do not have any figures recorded for this street in the register.
Guideline values in Perumbakkam
In Perumbakkam village, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,725 per sq.ft, which is equal to the current guideline value of Sri Sai Nagar. Below are the guideline values for other streets in Perumbakkam:
- Sri Sai Garden (Hill View): Rs 3,300 per sq.ft (2024)
- Sri Sai Garden Annex: Rs 3,400 per sq.ft (2024)
- Sri Sai Garden: Rs 3,200 per sq.ft (2024)
- Sri Sairam Nagar: Rs 3,700 per sq.ft (2024)
- Sri Sankara Hospital: Rs 850 per sq.ft (2024)
- Sri Sastha Nagar: Rs 3,300 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 guideline value of Rs 2,725 per sq.ft, the guideline value amounts to Rs 27,25,000. The stamp duty at 7% would be Rs 1,90,750, and the registration fee at 2% would be Rs 54,500. Together, the total cost for these fees would be Rs 2,45,250. 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 further calculations.
Which Sub Registrar Office covers Sri Sai Nagar?
The Sub Registrar Office that covers Sri Sai Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the 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 Perumbakkam
The guideline value plays a crucial role in the property registration process in Perumbakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The fees are calculated based on the guideline value or the sale price, whichever is higher.
When engaging in a property transaction, it is essential to be aware of the current guideline value, as it directly impacts the overall cost of registration. Buyers and sellers should ensure they are informed about these values to avoid any discrepancies during 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 2,725 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,725 per sq.ft in 2024.
What is the land classification for Sri Sai Nagar?
The land classification for Sri Sai Nagar is Residential Special Type - I.
What are the stamp duty and registration fees for properties in Sri Sai Nagar?
For a property valued at Rs 27,25,000, the stamp duty would be Rs 1,90,750 and the registration fee would be Rs 54,500, totaling Rs 2,45,250.
Which Sub Registrar Office is responsible for Sri Sai Nagar?
The Selaiyur Sub Registrar Office is responsible for Sri Sai Nagar, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.
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