Guideline Value

Corporate

Guideline Value for SRI SAI NAGAR

₹700/sq.ft.

The guideline value for Sri Sai Nagar in Ponneri village (Ponneri SRO, Chennai zone) is Rs 700 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 133% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ponneri

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹700 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 of Sri Sai Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Ponneri village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Sai Nagar has changed

In the 2023 revision, the guideline value for Sri Sai Nagar was Rs 300 per sq.ft. The 2024 revision saw a significant increase to Rs 700 per sq.ft, marking a change of +133%. The register has no figures for the revisions from 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only two revisions with figures for Sri Sai Nagar are 2023 and 2024, with the latter reflecting the current guideline value. The substantial increase from the previous year indicates a notable adjustment in the valuation of this area.

Guideline values in Ponneri

Ponneri village has a total of 120 streets under the Ponneri SRO carrying a 2024 guideline value ranging from Rs 201 to Rs 1,200 per sq.ft, with the median value being Rs 700 per sq.ft. Sri Sai Nagar's 2024 guideline value aligns with 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 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 details.

Which Sub Registrar Office covers Sri Sai Nagar?

The Sub Registrar Office that covers Sri Sai Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Ponneri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction, based on the established 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 700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 300 per sq.ft in 2023 to Rs 700 per sq.ft in 2024, marking a change of +133%.

What land classification is Sri Sai Nagar under?

Sri Sai Nagar is classified as Residential Class II Type - I according to the guideline value register.

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

The Sub Registrar Office for Sri Sai Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, on a plot valued at Rs 7,00,000, the total fees would amount to Rs 63,000.