Guideline Value for SRI SAIBABA NAGAR EXTN

Sri Saibaba Nagar Extn guideline value

The current guideline value of Sri Saibaba Nagar Extn is Rs 1,105 per sq.ft, effective from 1 July 2024. This area is located in Mathuranthagam village and falls under the Madurandakam SRO. The land classification for this street is Mixed Type - I.

How the guideline value of Sri Saibaba Nagar Extn has changed

The guideline value for Sri Saibaba Nagar Extn has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,000 per sq.ft. This value remained unchanged until the next revision in 2017, where it decreased to Rs 670 per sq.ft. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and then further rose to Rs 1,105 per sq.ft in 2024, marking an increase of 11% from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been an increase of 11%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,480 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Sri Saibaba Nagar Extn's 2024 figure slightly above this median.

• Sri Ranga Nagar: Rs 555 per sq.ft (2024)
• Sri Raghavendra Nagar Phase-III: Rs 1,110 per sq.ft (2024)
• Sri Ragavendra Nagar Phase - I: Rs 440 per sq.ft (2024)
• Sri Meenakshi Garden: Rs 1,110 per sq.ft (2024)
• Subhadra Farm Land & Residency: Rs 1,100 per sq.ft (2024)
• Sri Kamalavalli Nagar Phase-II: Rs 555 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Saibaba Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,105 per sq.ft, the total guideline value would be Rs 11,05,000. The stamp duty, charged at 7%, would amount to Rs 77,350, while the registration fee at 2% would be Rs 22,100. Together, the total cost for stamp duty and registration would be Rs 99,450. It is important to note that the 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 details.

Which Sub Registrar Office covers Sri Saibaba Nagar Extn?

The Sub Registrar Office that covers Sri Saibaba Nagar Extn is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a critical factor when buying or selling property in Mathuranthagam. It serves as a benchmark for determining the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions.

When you register a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, which can significantly affect the overall expenses involved in the transaction.

Frequently asked questions

What is the current guideline value of Sri Saibaba Nagar Extn?

The current guideline value of Sri Saibaba Nagar Extn is Rs 1,105 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,105 per sq.ft in 2024.

What is the land classification for Sri Saibaba Nagar Extn?

The land classification for Sri Saibaba Nagar Extn is Mixed Type - I.

Where can I find the registration office for Sri Saibaba Nagar Extn?

The registration office for Sri Saibaba Nagar Extn is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sri Saibaba Nagar Extn?

The stamp duty for properties in Sri Saibaba Nagar Extn is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% based on the same criteria.