Guideline Value for SRI SAI NAGAR
₹300/sq.ft.
The guideline value for Sri Sai Nagar in Valluvapakkam village (Walajabad SRO, Chengalpattu zone) is Rs 300 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Valluvapakkam
Village
Walajabad
SRO
Residential Class I Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹300 /sq.ft. |
| From 1-4-2023 | ₹300 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹201 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹300 /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
DRO (District Registrar Office)
No.52 Orikkai Madhura, Udhayamangulam Village, Near Anna Kudiyiruppu, Kanchipuram-631502
044-27236674
[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
- Walajabad 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 is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Valluvapakkam village and falls under the Walajabad SRO, classified as Residential Class I Type - I.
How the guideline value of Sri Sai Nagar has changed
Over the years, the guideline value of Sri Sai Nagar has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, the 2017 revision marked a decrease from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2012. The 2023 revision maintained the value at Rs 300 per sq.ft, and the same figure was carried into the 2024 revision, showing no change between 2023 and 2024.
From 2012 to 2017, there was a decline of 33%, followed by a significant increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has remained stable with no change.
Guideline values in Valluvapakkam
In Valluvapakkam, there are 20 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Sri Sai Nagar's 2024 value above this median.
- Sri Saraswathi Nagar: Rs 250 per sq.ft (2024)
- Sri Saravana Nagar: Rs 250 per sq.ft (2024)
- Sri Shankara Nagar: Rs 250 per sq.ft (2024)
- Sri Mahalakshmi Nagar: Rs 250 per sq.ft (2024)
- Subiksham Nagar Ext: Rs 200 per sq.ft (2024)
- Sri Lakshmi Guberan 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 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.
You can calculate your fees using our stamp duty and registration fee calculator.
Which Sub Registrar Office covers Sri Sai Nagar?
Sri Sai Nagar is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Valluvapakkam
The guideline value is a crucial factor in the registration process when buying or selling property in Valluvapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.
When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transfer of ownership.
Frequently asked questions
What is the current guideline value of Sri Sai Nagar?
The current guideline value of Sri Sai Nagar is Rs 300 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 being Rs 300 per sq.ft in both 2023 and 2024. It was Rs 201 per sq.ft in 2017 and Rs 300 per sq.ft in 2012.
What is the land classification of Sri Sai Nagar?
Sri Sai Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.
Where can I find the registration office for Sri Sai Nagar?
The Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone, covers Sri Sai Nagar.
How is the stamp duty calculated for properties in Sri Sai Nagar?
Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.
Ask the records, or walk the map.
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