Guideline Value for SRI SAI NAGAR

Sri Sai Nagar guideline value

The current guideline value of Sri Sai Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Valarpuram village, under the Sriperumpudur Sub Registrar Office (SRO), and is classified as Residential Class III Type - I.

How the guideline value of Sri Sai Nagar has changed

The guideline value for Sri Sai Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft, a figure that remained constant through the 2024 revision.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has seen no net change, remaining at Rs 200 per sq.ft.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 100 to Rs 2,025 per sq.ft. The median value for these streets is Rs 300 per sq.ft, indicating that the guideline value for Sri Sai Nagar is below this median.

• Sri Varadharajan Nagar: Rs 400 per sq.ft (2024)
• Sri Venkatachalapathy Annex: Rs 400 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 400 per sq.ft (2024)
• Sri Vigneswara Nagar: Rs 400 per sq.ft (2024)
• S.S.A. Nagar: Rs 300 per sq.ft (2024)
• SSV 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 guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Sai Nagar?

The Sub Registrar Office that covers Sri Sai Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Valarpuram. It determines the amount of stamp duty and registration fees payable at the time of registration, ensuring that the transaction is recorded accurately in the government records.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar?

The current guideline value of Sri Sai Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 200 per sq.ft in both 2023 and 2024. The value was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012.

What are the guideline values for other streets in Valarpuram?

Other streets in Valarpuram have varying guideline values, ranging from Rs 100 to Rs 2,025 per sq.ft. The median value for these streets is Rs 300 per sq.ft.

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

For a 1,000 sq.ft plot in Sri Sai Nagar, the total guideline value is Rs 2,00,000, leading to a stamp duty of Rs 14,000 and a registration fee of Rs 4,000, totaling Rs 18,000.

Where can I find the Sub Registrar Office for Sri Sai Nagar?

The Sub Registrar Office for Sri Sai Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information about your SRO online.