Guideline Value for SRI SAKTHI SAI NAGAR

Sri Sakthi Sai Nagar guideline value

The current guideline value of Sri Sakthi Sai Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Sri Sakthi Sai Nagar has changed

Looking at the revisions, the guideline value for Sri Sakthi Sai Nagar has seen several changes over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49% to Rs 300 per sq.ft, and it has remained at this level through the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 300 per sq.ft.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. Sri Sakthi Sai Nagar's 2024 figure is below this median.

• Subiramaniya swami sannadhi street: Rs 1,200 per sq.ft (2024)
• Sri Moogambigai Nagar: Rs 900 per sq.ft (2024)
• Sundharavaradhaja Perumal Sannadhi Street: Rs 1,500 per sq.ft (2024)
• Sunnambukkara Street: Rs 1,000 per sq.ft (2024)
• S.V.Nagar: Rs 900 per sq.ft (2024)
• Thalaiyari Street: Rs 700 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Sakthi Sai Nagar?

The Sub Registrar Office that covers Sri Sakthi Sai Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in property transactions in Uthiramerur. It serves as a benchmark for determining the minimum value of a property for registration purposes. When a property is sold, the stamp duty and registration fees are calculated based on this guideline value or the sale price, whichever is higher.

Frequently asked questions

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

The current guideline value of Sri Sakthi Sai Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What are the stamp duty and registration fees for property in Sri Sakthi Sai Nagar?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Sri Sakthi Sai Nagar?

The Uthiramerur Sub Registrar Office covers Sri Sakthi Sai Nagar, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is the guideline value determined in Uthiramerur?

The guideline value in Uthiramerur is determined by the Registration Department and varies between different streets. It is essential for property transactions, as it sets the minimum value for registration and helps calculate stamp duty and registration fees.