Guideline Value for SRI SAI NAGAR

Sri Sai Nagar guideline value

The current guideline value of Sri Sai Nagar in Vayaloor village is Rs 580 per sq.ft, effective from 1 July 2024. This area falls under the Thirukazhukundram SRO and is classified as Residential Class II 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. The latest revision in 2024 set the value at Rs 580 per sq.ft, an increase from Rs 525 per sq.ft in the 2023 revision, marking a change of +10%. Prior to that, there are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the 2023 revision was Rs 525 per sq.ft, and the 2024 revision increased it to Rs 580 per sq.ft. The register does not have figures for earlier revisions, specifically for the years 2017, 2012, 2007, 2003, and 2002.

Guideline values in Vayaloor

In Vayaloor, six streets are recorded under the Thirukazhukundram SRO with the 2024 guideline values ranging from Rs 275 to Rs 1,000 per sq.ft. The median value of these streets is Rs 455 per sq.ft, placing Sri Sai Nagar's 2024 figure above this median.

• Mahavishnu Nagar: Rs 330 per sq.ft (2024)
• Coastal Enclave: Rs 800 per sq.ft (2024)
• Mercury Enclave: Rs 1,000 per sq.ft (2024)
• M Sadhanadham Avenue: Rs 275 per sq.ft (2024)
• Nalam Nagar: Rs 330 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 580 per sq.ft, the total guideline value amounts to Rs 5,80,000. The stamp duty at 7% would be Rs 40,600, and the registration fee at 2% would be Rs 11,600, making the total fees together Rs 52,200. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sai Nagar?

Sri Sai Nagar falls under the jurisdiction of the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Vayaloor, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the registration process.

When purchasing property, the guideline value helps establish a baseline for negotiations and ensures that both parties are aware of the legal requirements associated with the transaction. It is essential to refer to the latest guidelines to avoid 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 580 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 525 per sq.ft in 2023 to Rs 580 per sq.ft in 2024, marking an increase of +10%. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Sri Sai Nagar?

Sri Sai Nagar is classified as Residential Class II Type - I, indicating its designation for residential purposes within the area.

What are the other streets in Vayaloor and their guideline values?

Other streets in Vayaloor include Mahavishnu Nagar at Rs 330 per sq.ft, Coastal Enclave at Rs 800 per sq.ft, Mercury Enclave at Rs 1,000 per sq.ft, M Sadhanadham Avenue at Rs 275 per sq.ft, and Nalam Nagar at Rs 330 per sq.ft, all for the year 2024.

Where can I find the Thirukazhukundram Sub Registrar Office?

The Thirukazhukundram Sub Registrar Office is located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find more information by visiting the relevant website.