Guideline Value for SRI SAI THUVARAGA NAGAR

Sri Sai Thuvaraga Nagar guideline value

The current guideline value of Sri Sai Thuvaraga Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Kilakadi village and falls under the Salavakkam SRO. The land classification for this street is Mixed Type - III.

How the guideline value of Sri Sai Thuvaraga Nagar has changed

Looking at the revisions, the guideline value for Sri Sai Thuvaraga Nagar has seen several changes over the years. The 2012 revision set the value at Rs 250 per sq.ft, which was then followed by a decrease to Rs 167 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value increased by 50% to Rs 250 per sq.ft in the 2023 revision, and it remains the same in the 2024 revision, showing no change from the previous year.

The register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 250 per sq.ft.

Guideline values in Kilakadi

In Kilakadi, there are 21 streets under the Salavakkam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 433 per sq.ft. The median value for these streets is Rs 150 per sq.ft, placing Sri Sai Thuvaraga Nagar's 2024 figure above that median.

• Sri Krishna Nagar Ph-I: Rs 336 per sq.ft (2024)
• Sri Krishna Nagar: Rs 250 per sq.ft (2024)
• Selva Seeman Nagaram: Rs 101 per sq.ft (2024)
• Vajiram Nagar: Rs 150 per sq.ft (2024)
• Venkateshwara Nagar Phase-II: Rs 250 per sq.ft (2024)
• Rose Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sai Thuvaraga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total cost for these fees to Rs 22,500. 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 detailed calculations.

Which Sub Registrar Office covers Sri Sai Thuvaraga Nagar?

The Sub Registrar Office that covers Sri Sai Thuvaraga Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Kilakadi. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the necessary fees, ensuring that the transaction complies with local regulations. This value helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Sri Sai Thuvaraga Nagar?

The current guideline value of Sri Sai Thuvaraga Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 250 per sq.ft in 2024 and 2023, an increase from Rs 167 per sq.ft in 2017. The value was Rs 250 per sq.ft in 2012.

What is the land classification of Sri Sai Thuvaraga Nagar?

Sri Sai Thuvaraga Nagar is classified as Mixed Type - III, which indicates the type of development permissible in the area.

Where can I find the Salavakkam Sub Registrar Office?

The Salavakkam Sub Registrar Office is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

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, for a property valued at Rs 2,50,000, the total fees would include a stamp duty of Rs 17,500 and a registration fee of Rs 5,000.