Guideline Value for SRI SAI NAGAR

Sri Sai Nagar guideline value

The current guideline value of Sri Sai Nagar is Rs 102 per sq.ft, effective from 1 July 2024. This street is located in Orakadamagadevimangalam village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sri Sai Nagar has changed

The guideline value for Sri Sai Nagar has seen a change from Rs 100 per sq.ft in the 2023 revision to Rs 102 per sq.ft in the 2024 revision, marking an increase of 2%. Prior to 2023, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In the 2023 revision, the value was Rs 100 per sq.ft, which was the only recorded figure prior to the 2024 revision. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Guideline values in Orakadamagadevimangalam

In Orakadamagadevimangalam, there are 12 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 101 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 103 per sq.ft, positioning Sri Sai Nagar's 2024 figure below that median.

• Sri Vaithamanidhi Nagar: Rs 103 per sq.ft (2024)
• Srinivasa Avenue: Rs 103 per sq.ft (2024)
• Sri Krishna Nagar: Rs 103 per sq.ft (2024)
• Sathya Nagar: Rs 103 per sq.ft (2024)
• Santhi Sri Nagar: Rs 300 per sq.ft (2024)
• Velmurugan Nagar: Rs 103 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 102 per sq.ft, the guideline value amounts to Rs 1,02,000. The stamp duty at 7% would be Rs 7,140, and the registration fee at 2% would be Rs 2,040, making the total Rs 9,180. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Sai Nagar?

Sri Sai Nagar is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Orakadamagadevimangalam. It serves as a benchmark for the minimum value at which properties must be registered, ensuring that the government receives the appropriate revenue from property transactions.

When a buyer or seller engages in a property transaction, the guideline value helps in calculating the applicable fees. It is essential to refer to the guideline value to understand the financial implications of the transaction, including the costs associated with registration.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar?

The current guideline value of Sri Sai Nagar is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed in recent years?

The guideline value changed from Rs 100 per sq.ft in 2023 to Rs 102 per sq.ft in 2024, reflecting a 2% increase. There are no figures available for this street in the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Orakadamagadevimangalam?

The median guideline value for streets in Orakadamagadevimangalam is Rs 103 per sq.ft. Sri Sai Nagar's current value is below this median.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 1,02,000. The stamp duty at 7% is Rs 7,140, and the registration fee at 2% is Rs 2,040, totaling Rs 9,180.

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

The Sunguvarchattram Sub Registrar Office covers Sri Sai Nagar, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.