Guideline Value for SRI SAKTHI SAI NAGAR

Sri Sakthi Sai Nagar guideline value

The current guideline value of Sri Sakthi Sai Nagar is Rs 100 per sq.ft, effective from the 2024 revision. This area is located in Guduvancheri village, under the Ponneri Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - I.

How the guideline value of Sri Sakthi Sai Nagar has changed

Over the years, the guideline value for Sri Sakthi Sai Nagar has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which was then followed by a decrease to Rs 67 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 100 per sq.ft. The 2024 revision maintained this value, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 100 per sq.ft.

Guideline values in Guduvancheri

In Guduvancheri, there are 9 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 450 per sq.ft, with the median value being Rs 100 per sq.ft. Sri Sakthi Sai Nagar's 2024 figure aligns with this median.

• Sri Sai Garden: Rs 100 per sq.ft (2024)
• Srinivasa Garden: Rs 100 per sq.ft (2024)
• Sri Kari Krishna Perumal Nagar: Rs 100 per sq.ft (2024)
• Saribha Nagar: Rs 100 per sq.ft (2024)
• Praveen Nagar: Rs 100 per sq.ft (2024)
• New Sun City: Rs 100 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 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, resulting in a total of Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sakthi Sai Nagar?

Sri Sakthi Sai Nagar falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Guduvancheri. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

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 100 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023 and remained the same in 2024.

What are the other streets in Guduvancheri with the same guideline value?

Several other streets in Guduvancheri also have a guideline value of Rs 100 per sq.ft in 2024, including Sri Sai Garden, Srinivasa Garden, and Saribha Nagar, among others.

How is the stamp duty calculated for properties in Sri Sakthi Sai Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at 7%.

Where can I find the Sub Registrar Office for Sri Sakthi Sai Nagar?

The Sub Registrar Office covering Sri Sakthi Sai Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more details online.