Guideline Value for SRI SAI TOWNSHIP

Sri Sai Township guideline value

The current guideline value for Sri Sai Township in Nayakkankuppam village is Rs 150 per sq.ft, effective from 1 July 2024. This area falls under the Walajabad Sub Registrar Office (SRO) and is classified as Residential Class I Type - III.

How the guideline value of Sri Sai Township has changed

The guideline value for Sri Sai Township has seen several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged in the 2023 revision. However, the 2017 revision had a lower figure of Rs 100 per sq.ft, marking a decrease of 33% from the 2012 figure. The most recent revision in 2024 maintained the value at Rs 150 per sq.ft, resulting in no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 50%, bringing the value back to Rs 150 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained stable, showing an overall change of 0% during this period. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nayakkankuppam

In Nayakkankuppam, there are 23 streets under the Walajabad SRO, with guideline values ranging from Rs 150 to Rs 403 per sq.ft. The median guideline value in this village is Rs 200 per sq.ft, which means the guideline value for Sri Sai Township is below this median.

• Sri Sakthi Nagar: Rs 200 per sq.ft (2024)
• Sri Vetrivel Nagar: Rs 200 per sq.ft (2024)
• Sri Ragavendira Nagar: Rs 250 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 403 per sq.ft (2024)
• Sri Babuji Nagar: Rs 200 per sq.ft (2024)
• Sree Sastha Avenue: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sai Township

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, leading to a total fee of Rs 13,500. It's important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Sai Township?

The Sri Sai Township is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Nayakkankuppam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the authorities will assess the guideline value to calculate the applicable fees. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for fee calculations.

Frequently asked questions

What is the current guideline value for Sri Sai Township?

The current guideline value for Sri Sai Township is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft since the 2012 revision, with a decrease to Rs 100 per sq.ft in 2017 and an increase back to Rs 150 per sq.ft in 2023. The value has not changed from 2023 to 2024.

What is the median guideline value in Nayakkankuppam?

The median guideline value in Nayakkankuppam is Rs 200 per sq.ft, indicating that the guideline value for Sri Sai Township is below this median.

What are the stamp duty rates for property in Sri Sai Township?

The stamp duty rate for property in Sri Sai Township is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more details by visiting the provided link.