Guideline Value for SRI SAI NAGAR

Sri Sai Nagar guideline value

The current guideline value of Sri Sai Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Kanthoor village under the Sunguvarchattram SRO, and the land classification is Mixed Type - I.

How the guideline value of Sri Sai Nagar has changed

In the 2023 revision, the guideline value for Sri Sai Nagar was set at Rs 700 per sq.ft, which remains unchanged in the 2024 revision. The register has no figures for this street in the revisions from 2002, 2003, 2007, 2012, and 2017.

Thus, from 2023 to 2024, there has been a change of +0%, indicating stability in the guideline value for this period.

Guideline values in Kanthoor

In Kanthoor, there are 33 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 700 per sq.ft. The median guideline value for these streets is Rs 181 per sq.ft, placing Sri Sai Nagar's 2024 figure above this median.

• ThideerKuppam: Rs 150 per sq.ft (2024)
• Small Street: Rs 150 per sq.ft (2024)
• Sharma Nagar: Rs 250 per sq.ft (2024)
• School Street: Rs 181 per sq.ft (2024)
• Road Street: Rs 200 per sq.ft (2024)
• Vijayalakshmi Nagar: Rs 181 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 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total cost together Rs 63,000. 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 Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Kanthoor. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

When buying or selling property in Sri Sai Nagar, it is essential to be aware of the current guideline value, as it directly influences the costs associated with the transaction. This ensures compliance with local regulations and helps in accurately assessing the financial implications of the property deal.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar?

The current guideline value of Sri Sai Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Sai Nagar has remained stable at Rs 700 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the revisions from 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Kanthoor?

The median guideline value for the 33 streets in Kanthoor under the Sunguvarchattram SRO is Rs 181 per sq.ft. Sri Sai Nagar's guideline value is above this median.

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

For a 1,000 sq.ft plot in Sri Sai Nagar, the total guideline value is Rs 7,00,000. The stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which office handles property registrations in Sri Sai Nagar?

The Sunguvarchattram Sub Registrar Office handles property registrations for Sri Sai Nagar. It is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.