Guideline Value for SRI SAI NAGAR

Sri Sai Nagar guideline value

The current guideline value of Sri Sai Nagar in Ammambakkam village, under the Oothukkottai SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Sri Sai Nagar has changed

The guideline value for Sri Sai Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 75 per sq.ft, which increased to Rs 50 per sq.ft in 2017. Following this, the value rose significantly to Rs 100 per sq.ft in both 2023 and 2024. The register has no figure for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 100%. Overall, from 2012 to 2024, there has been a 33% increase in the guideline value.

Guideline values in Ammambakkam

In Ammambakkam, there are 14 streets under the Oothukkottai SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with a median value of Rs 100 per sq.ft. The guideline value of Sri Sai Nagar matches this median.

• Sri Thirumalai Nagar: Rs 100 per sq.ft (2024)
• Sri Lakshmi Srinivasa Nagar: Rs 100 per sq.ft (2024)
• Sree Balaji Nagar: Rs 100 per sq.ft (2024)
• Sathish Nagar: Rs 100 per sq.ft (2024)
• Sai Nagar - I: Rs 100 per sq.ft (2024)
• Sainagar: Rs 100 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 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Sai Nagar?

Sri Sai Nagar falls under the jurisdiction of the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Ammambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When buyers and sellers engage in a transaction, the guideline value is referenced to determine the applicable fees. This ensures transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar?

The current guideline value of Sri Sai Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2012 to Rs 50 per sq.ft in 2017, then increased to Rs 100 per sq.ft in both 2023 and 2024.

What is the land classification of Sri Sai Nagar?

Sri Sai Nagar is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property transactions?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 9,000, based on the guideline value of Rs 1,00,000.

Where is the Oothukkottai Sub Registrar Office located?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, 602026, Chennai registration zone.