Guideline Value for SRI SAPTHAGIRI NAGAR PHASE -III

Sri Sapthagiri Nagar Phase -III guideline value

The current guideline value of Sri Sapthagiri Nagar Phase -III is Rs 120 per sq.ft, effective from 1 July 2024. This area is located in Pooelupai village and falls under the Thirukazhukundram SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sri Sapthagiri Nagar Phase -III has changed

The guideline value for Sri Sapthagiri Nagar Phase -III has remained consistent at Rs 120 per sq.ft from the 2023 revision to the 2024 revision, reflecting no change (0%). Prior to this, the register has no figure for this street for the revisions in 2017, 2012, 2007, 2003, and 2002.

In summary, the only available figures for this street are from the 2023 and 2024 revisions, both set at Rs 120 per sq.ft. The absence of figures in earlier revisions indicates that there were no recorded changes for this street during those years.

Guideline values in Pooelupai

Within Pooelupai village, three streets under the Thirukazhukundram SRO have a guideline value for 2024, ranging from Rs 120 to Rs 800 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Sri Sapthagiri Nagar Phase -III below that median.

• Chennai Highway City: Rs 500 per sq.ft (2024)
• Serasa Sapthagiri Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sapthagiri Nagar Phase -III

For a 1,000 sq.ft plot at the current guideline value of Rs 120 per sq.ft, the total guideline value would be Rs 1,20,000. The stamp duty at 7% would amount to Rs 8,400, and the registration fee at 2% would be Rs 2,400, totaling Rs 10,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Sapthagiri Nagar Phase -III?

Sri Sapthagiri Nagar Phase -III is covered by the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Pooelupai. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value as per government standards.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Sri Sapthagiri Nagar Phase -III?

The current guideline value of Sri Sapthagiri Nagar Phase -III is Rs 120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Sapthagiri Nagar Phase -III has remained at Rs 120 per sq.ft from 2023 to 2024. The register has no figures for the revisions in 2017, 2012, 2007, 2003, and 2002.

What are the guideline values in Pooelupai?

In Pooelupai, the guideline values for 2024 range from Rs 120 to Rs 800 per sq.ft, with a median value of Rs 500 per sq.ft. Sri Sapthagiri Nagar Phase -III is below this median value.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,20,000 in Sri Sapthagiri Nagar Phase -III, the stamp duty would be Rs 8,400 and the registration fee would be Rs 2,400, totaling Rs 10,800.

Which office handles registrations for Sri Sapthagiri Nagar Phase -III?

The Thirukazhukundram Sub Registrar Office handles registrations for Sri Sapthagiri Nagar Phase -III, located at Thiruchengode - 637 211, Chengalpattu registration zone.