Guideline Value for SRI SAI NAGAR

Sri Sai Nagar guideline value

The current guideline value of Sri Sai Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Thachoor_2 village under the Ponneri SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Sri Sai Nagar has changed

The guideline value for Sri Sai Nagar has undergone significant changes over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 150 per sq.ft, and in the 2024 revision, it increased to Rs 400 per sq.ft, marking a substantial rise of 167%.

With the 2024 revision, the current guideline value reflects a notable adjustment in the pricing structure for this street. The increase from Rs 150 to Rs 400 per sq.ft indicates a significant shift in the valuation of properties in Sri Sai Nagar.

Guideline values in Thachoor_2

In Thachoor_2, there are 40 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 202 to Rs 1,800 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value of Sri Sai Nagar is below this median.

• Srivaru Nagar: Rs 600 per sq.ft (2024)
• Sri Velmurugan Nagar: Rs 400 per sq.ft (2024)
• Sri Vignesh Nagar: Rs 400 per sq.ft (2024)
• Sri Durgai Amman Nagar: Rs 400 per sq.ft (2024)
• Sri Devi Gayathri Nagar: Rs 400 per sq.ft (2024)
• Sri Balasubramaniam Nagar: Rs 800 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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty is charged at 7%, which totals Rs 28,000, and the registration fee is 2%, amounting to Rs 8,000. Together, the total cost for stamp duty and registration fee would be Rs 36,000. It is important to note that 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?

The Sri Sai Nagar area falls under the jurisdiction of the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Thachoor_2

The guideline value is a crucial factor during the registration of property in Thachoor_2, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware that the guideline value is used to calculate the stamp duty and registration fees applicable during property transactions.

When purchasing property, it is essential to consider the guideline value, as it ensures compliance with legal requirements and helps in understanding the financial obligations involved in the registration process. This value serves as a benchmark for property transactions 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 400 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2023 to 2024?

The guideline value increased from Rs 150 per sq.ft in 2023 to Rs 400 per sq.ft in 2024, which is a rise of 167%.

What is the land classification of Sri Sai Nagar?

Sri Sai Nagar falls under the Residential Class II Type - I land classification.

Where is the Ponneri Sub Registrar Office located?

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

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the stamp duty would amount to Rs 28,000.