Guideline Value

Corporate

Guideline Value for SRI SAI NAGAR

₹5500/sq.ft.

The guideline value for Sri Sai Nagar in Okkiyamthuraipakkam village (Neelankarai SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Okkiyamthuraipakkam

Village

Neelankarai

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2084 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹170 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Sai Nagar

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Sri Sai Nagar guideline value

The current guideline value for Sri Sai Nagar, located in Okkiyamthuraipakkam village under the Neelankarai SRO, is Rs 5,500 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - III land classification.

How the guideline value of Sri Sai Nagar has changed

The guideline value for Sri Sai Nagar has seen several revisions over the years. Starting from Rs 170 per sq.ft in 2003, it increased significantly to Rs 2,084 per sq.ft in 2007, marking a rise of 1126%. The value then rose to Rs 5,000 per sq.ft in 2012, reflecting a 140% increase. However, it decreased to Rs 3,350 per sq.ft in 2017, a decline of 33%. The value was revised to Rs 5,000 per sq.ft in 2023, which was a substantial increase of 49%, and has now reached Rs 5,500 per sq.ft in 2024, showing a 10% rise.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, the guideline value has increased by 3135% from Rs 170 per sq.ft in 2003 to Rs 5,500 per sq.ft in 2024.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO with 2024 figures ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Sri Sai Nagar's 2024 figure above this median.

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 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sai Nagar?

The Sub Registrar Office that covers Sri Sai Nagar is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Okkiyamthuraipakkam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

Buyers and sellers must be aware that the guideline value is updated periodically, and it is essential to check the latest figures before proceeding with any property transactions. This ensures that all fees are calculated accurately based on the most current guideline value.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar?

The current guideline value of Sri Sai Nagar is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 170 per sq.ft in 2003 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 3135% over the years.

What is the land classification of Sri Sai Nagar?

Sri Sai Nagar falls under the Residential Special Type - III land classification, indicating its designated use for residential purposes.

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

The Sub Registrar Office for Sri Sai Nagar is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in Sri Sai Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 55,00,000, the stamp duty at 7% would be Rs 3,85,000.