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 locality is situated in Walajabad 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 earliest recorded figure is from 2012, where the value was Rs 700 per sq.ft. In 2017, it decreased to Rs 469 per sq.ft, marking a decline of 33%. However, by the 2023 revision, the value returned to Rs 700 per sq.ft, and it has remained unchanged through the 2024 revision, indicating a 0% change from 2023 to 2024. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2023, there was a significant increase of 49% in the guideline value, as it rose from Rs 469 per sq.ft to Rs 700 per sq.ft. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 700 per sq.ft.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median value across these streets is Rs 750 per sq.ft, placing Sri Sai Nagar's 2024 figure below this median.

• Sri Sai Garden: Rs 700 per sq.ft (2024)
• Sriperumbudur Road(Upto Railway Bridg): Rs 2,000 per sq.ft (2024)
• Sri Pachaiyamman Nagar: Rs 750 per sq.ft (2024)
• Sri Vidhya Nagar Extension: Rs 750 per sq.ft (2024)
• Srinivasa Perumal Kovil St: Rs 750 per sq.ft (2024)
• Sri Natarajar Nagar: Rs 500 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 amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that the 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 more information.

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 further assistance.

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

The guideline value is an essential factor in the registration process when buying or selling property in Walajabad. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on whichever is higher. This ensures that the government receives the appropriate fees based on the property's assessed value.

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 has remained at Rs 700 per sq.ft from 2012 to 2024, with a significant increase from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023.

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.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 49,000, and the registration fee is Rs 14,000, totaling Rs 63,000.

Where is the Sub Registrar Office for Sri Sai Nagar located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.