Guideline Value for SRI SAI NAGAR

Sri Sai Nagar guideline value

The current guideline value of Sri Sai Nagar, located in Ikkadu village under the Tiruvallur Joint 1 SRO, is Rs 500 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

According to the guideline value register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for Sri Sai Nagar. The 2023 revision recorded a guideline value of Rs 500 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 500 per sq.ft, reflecting a change of +0% from the previous year.

Thus, the guideline value for Sri Sai Nagar has remained stable at Rs 500 per sq.ft for both the 2023 and 2024 revisions, with no figures available for earlier years.

Guideline values in Ikkadu

In Ikkadu village, there are 51 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 100 to Rs 1,400 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Sri Sai Nagar's 2024 figure above this median.

• Sri Venkateswara Nagar: Rs 400 per sq.ft (2024)
• Srinivasa Nagar Annex: Rs 402 per sq.ft (2024)
• Sri Ganapathi Nagar Extension: Rs 335 per sq.ft (2024)
• Sri Ganapathi Nagar: Rs 400 per sq.ft (2024)
• Sundar Raj Nagar: Rs 200 per sq.ft (2024)
• Swathi Nagar: Rs 1,400 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 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total cost for these fees to Rs 45,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Sri Sai Nagar?

The Sub Registrar Office that covers Sri Sai Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Ikkadu. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of properties in the area.

When buying or selling property, the guideline value is used to determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions, as the guideline value reflects the official assessment of property values in the locality.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar?

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

How has the guideline value changed over the years?

The guideline value for Sri Sai Nagar has remained at Rs 500 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Sri Sai Nagar?

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

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 5,00,000 would incur a stamp duty of Rs 35,000 at a rate of 7%.

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

The Sub Registrar Office for Sri Sai Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.