Guideline Value for SRI SAI SANTHI NAGAR PHASE -I

Sri Sai Santhi Nagar Phase -I guideline value

The current guideline value of Sri Sai Santhi Nagar Phase -I is Rs 670 per sq.ft, effective from 1 July 2024. This area is located in Kavanur village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Sri Sai Santhi Nagar Phase -I has changed

The guideline value for Sri Sai Santhi Nagar Phase -I has remained consistent over several revisions. The 2017 revision recorded a guideline value of Rs 670 per sq.ft, which was unchanged in the 2023 revision. The most recent revision in 2024 also maintains this figure at Rs 670 per sq.ft, indicating no percentage change across these years.

Furthermore, the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the overall change from the 2017 revision to the 2024 revision is 0%.

Guideline values in Kavanur

Kavanur village has a total of 109 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 500 to Rs 2,239 per sq.ft as of 2024. The median guideline value for these streets is Rs 800 per sq.ft, placing Sri Sai Santhi Nagar Phase -I's 2024 figure below this median.

• Sri Sai Santhi Nagar Phase -II: Rs 1,000 per sq.ft (2024)
• Sri Sai Nagar: Rs 800 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 700 per sq.ft (2024)
• Sri Varalakshmi Nagar: Rs 600 per sq.ft (2024)
• Sri Varalakshmi Nagar Extension: Rs 1,000 per sq.ft (2024)
• Sri Vigneshwarar Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sai Santhi Nagar Phase -I

For a 1,000 sq.ft plot at the current guideline value of Rs 670 per sq.ft, the total guideline value amounts to Rs 6,70,000. The stamp duty, charged at 7%, would be Rs 46,900, while the registration fee at 2% would be Rs 13,400, bringing the total fees to Rs 60,300. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sai Santhi Nagar Phase -I?

Sri Sai Santhi Nagar Phase -I is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kavanur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price of the property.

When registering a property, the buyer must pay the stamp duty and registration fees based on the higher value between the guideline value and the sale price. This ensures that all transactions are recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value for Sri Sai Santhi Nagar Phase -I?

The current guideline value for Sri Sai Santhi Nagar Phase -I is Rs 670 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 670 per sq.ft since the 2017 revision, with no changes recorded in the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What is the land classification for Sri Sai Santhi Nagar Phase -I?

Sri Sai Santhi Nagar Phase -I is classified as Residential Class II Type - II. This classification is important for determining the permissible land use and property development regulations.

Where can I find the registration office for Sri Sai Santhi Nagar Phase -I?

The Gooduvancheri Sub Registrar Office covers Sri Sai Santhi Nagar Phase -I, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Kavanur?

Stamp duty for properties in Kavanur is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 6,70,000 would incur a stamp duty of Rs 46,900 at the rate of 7%.