Guideline Value

Corporate

Guideline Value for SRI SATHYA SAIBABA NAGAR EXTENSION

₹300/sq.ft.

The guideline value for Sri Sathya Saibaba Nagar Extension in Arani village (Arani_tiruvallur SRO, Chennai zone) is Rs 300 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Arani

Village

Arani_Tiruvallur

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹300 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.10, S.p Kovil Street, Arani,ponneri(tk),thiruvallur(dt) - 601 101
044-27927859
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Sathya Saibaba Nagar Extension

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Sri Sathya Saibaba Nagar Extension guideline value

The current guideline value of Sri Sathya Saibaba Nagar Extension is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Arani village under the Arani_Tiruvallur SRO and is classified as Residential Class II Type - III.

How the guideline value of Sri Sathya Saibaba Nagar Extension has changed

The guideline value for Sri Sathya Saibaba Nagar Extension has seen several revisions over the years. In the 2017 revision, the value was set at Rs 201 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 300 per sq.ft. The latest revision in 2024 also maintains the guideline value at Rs 300 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 49% as well. This consistency in the guideline value from 2023 to 2024 indicates stability in the pricing for this area.

Guideline values in Arani

In Arani, there are 51 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which aligns with the current guideline value for Sri Sathya Saibaba Nagar Extension.

Stamp duty and registration fee for property in Sri Sathya Saibaba Nagar Extension

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

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

Which Sub Registrar Office covers Sri Sathya Saibaba Nagar Extension?

The Sub Registrar Office that covers Sri Sathya Saibaba Nagar Extension is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, ponneri(tk), thiruvallur(dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Arani. It serves as the basis for calculating the stamp duty and registration fees that need to be paid during the transaction. The guideline value ensures that the government receives appropriate revenue from property transactions.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that both buyers and sellers are aware of the financial obligations involved in property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Sathya Saibaba Nagar Extension?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall since 2017.

Which Sub Registrar Office covers this area?

The Arani_Tiruvallur Sub Registrar Office covers Sri Sathya Saibaba Nagar Extension, located at No.10, S.p Kovil Street, Arani, ponneri(tk), thiruvallur(dt) - 601 101, Chennai registration zone.

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

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 higher of the guideline value or the sale price.

Are there other streets in Arani with different guideline values?

Yes, there are other streets in Arani with varying guideline values. For example, Sri S.V. Nagar, Sri Sai Avenue, Sri Ragavendra Nagar, and Subramani Nagar all have a guideline value of Rs 200 per sq.ft, while Tamil Colony has a guideline value of Rs 300 per sq.ft.