Guideline Value for SRI SAI NAGAR

Sri Sai Nagar guideline value

The current guideline value of Sri Sai Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Thadaperumbakkam village under the Ponneri SRO, classified as Residential Class I 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 600 per sq.ft. The 2024 revision, which is effective from 1 July 2024, also maintains the guideline value at Rs 600 per sq.ft, indicating no change between these two revisions. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

Thus, the only revisions with figures for Sri Sai Nagar are from 2023 and 2024, both set at Rs 600 per sq.ft. The guideline value has remained stable at this rate for the last two years.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft, with a median value of Rs 501 per sq.ft. Sri Sai Nagar's 2024 guideline value is above this median.

• Sri Sakthi Nagar: Rs 501 per sq.ft (2024)
• Sri Padmavathi Nagar: Rs 501 per sq.ft (2024)
• Sri Vinayaga Nagar: Rs 501 per sq.ft (2024)
• Sri Meenal Nagar: Rs 501 per sq.ft (2024)
• Subbu Lakshmi Ammal Nagar: Rs 1,500 per sq.ft (2024)
• Sri Krishna Residency: Rs 600 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 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000. Together, these fees would total Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

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 Thadaperumbakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Thadaperumbakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

When you register a property, the guideline value helps determine the financial obligations associated with the transaction. Buyers and sellers should be aware of the current guideline value to accurately assess the costs involved in their property dealings.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar?

The current guideline value of Sri Sai Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Sai Nagar was Rs 600 per sq.ft in both the 2023 and 2024 revisions. There are no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification of Sri Sai Nagar?

Sri Sai Nagar is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees based on the guideline value?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are based on the higher of the guideline value or the sale price.

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

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