Guideline Value for SRI SAI NAGAR

Sri Sai Nagar guideline value

The current guideline value of Sri Sai Nagar, located in Arambakkam village under the Gummidipoondi SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Sri Sai Nagar has changed

According to the guideline value register, there are no figures available for Sri Sai Nagar for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that the guideline value was Rs 200 per sq.ft in 2023 and remains unchanged at Rs 200 per sq.ft in the 2024 revision, reflecting a change of +0%.

This consistency in the guideline value suggests stability in the pricing for this street. The 2024 revision aligns with the figures from 2023, indicating no fluctuations in the guideline value over this period.

Guideline values in Arambakkam

In Arambakkam, three streets under the Gummidipoondi SRO have a 2024 guideline value ranging from Rs 200 to Rs 350 per sq.ft, with a median value of Rs 200 per sq.ft. Sri Sai Nagar's 2024 figure is equal to this median, placing it at Rs 200 per sq.ft.

• Sriruvapuri Murugan Nagar: Rs 350 per sq.ft (2024)
• Sri Ponniyamman Nagar: Rs 200 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, resulting in Rs 14,000, while the registration fee at 2% amounts to Rs 4,000. Together, the total cost for stamp duty and registration fee would be Rs 18,000. 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 detailed calculations based on your specific property details.

Which Sub Registrar Office covers Sri Sai Nagar?

The Sub Registrar Office that covers Sri Sai Nagar is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Arambakkam. It serves as the minimum value on which stamp duty and registration fees are calculated during the registration process. Buyers and sellers must be aware of this value to ensure compliance with legal requirements.

When a property is sold, the guideline value helps determine the official sale price for registration purposes. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar?

The current guideline value of Sri Sai Nagar is Rs 200 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 at Rs 200 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sri Sai Nagar?

Sri Sai Nagar falls under the Residential Class I Type - I land classification, which indicates its designation for residential use.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. This is calculated based on the guideline value of Rs 200 per sq.ft.

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

The Gummidipoondi Sub Registrar Office, which covers Sri Sai Nagar, is located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.