Guideline Value for SRI SAIBABA NAGAR

Sri Saibaba Nagar guideline value

The current guideline value of Sri Saibaba Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Karanaipuducheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Saibaba Nagar has changed

Over the years, the guideline value of Sri Saibaba Nagar has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 1,200 per sq.ft. The 2017 revision marked a significant increase to Rs 804 per sq.ft, reflecting a 49% rise from the previous revision. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it rose significantly. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 1,200 per sq.ft.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft. The median value for these streets is Rs 802 per sq.ft, and Sri Saibaba Nagar's 2024 figure is above this median.

• Sri Sathya Sai Nagar: Rs 800 per sq.ft (2024)
• Sri Sathya sai Nagar Ext-I: Rs 800 per sq.ft (2024)
• Sri Padmavathi Nagar: Rs 1,200 per sq.ft (2024)
• Sri Vaisnavi Nagar: Rs 1,000 per sq.ft (2024)
• Sri Vasudeva Nagar: Rs 1,000 per sq.ft (2024)
• Sri Lingam Nagar Extn: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Saibaba Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Saibaba Nagar?

The Sub Registrar Office that covers Sri Saibaba Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Karanaipuducheri. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is considered along with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that all transactions are conducted transparently and fairly.

Frequently asked questions

What is the current guideline value of Sri Saibaba Nagar?

The current guideline value of Sri Saibaba Nagar is Rs 1,200 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 1,200 per sq.ft in both 2023 and 2024. The value was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What are the stamp duty and registration fees for properties in Sri Saibaba Nagar?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What is the land classification of Sri Saibaba Nagar?

Sri Saibaba Nagar is classified as Residential Special Type - I, indicating its suitability for residential development and related activities.