Guideline Value for SRI SKS SAI NAGAR

Sri Sks Sai Nagar guideline value

The current guideline value of Sri Sks Sai Nagar is Rs 2,000 per sq.ft, effective from 1 July 2024. This area is located in Asthinapuram village under the Thiruporur Sub Registrar Office (SRO) and is classified as Mixed Type - II.

How the guideline value of Sri Sks Sai Nagar has changed

In the 2024 revision, the guideline value for Sri Sks Sai Nagar was set at Rs 2,000 per sq.ft. This figure remained unchanged from the 2023 revision, which also recorded a guideline value of Rs 2,000 per sq.ft. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

Thus, from 2023 to 2024, the guideline value saw a change of +0%. The consistency in the guideline value over these two years indicates stability in the pricing for this area.

Guideline values in Asthinapuram

Asthinapuram village has a total of 32 streets under the Thiruporur SRO, with guideline values ranging from Rs 600 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 1,614 per sq.ft, placing Sri Sks Sai Nagar's 2024 figure above the median.

• Srs Avenue: Rs 1,300 per sq.ft (2024)
• Srs Avenue Phase I: Rs 1,300 per sq.ft (2024)
• Srs Avenue Phase II: Rs 1,300 per sq.ft (2024)
• Srs Avenue Phase III: Rs 1,300 per sq.ft (2024)
• Srs Avenue Phase IV: Rs 1,300 per sq.ft (2024)
• Sm Kbs Uptown: Rs 1,614 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, resulting in a total of Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri Sks Sai Nagar?

The Sri Sks Sai Nagar area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Asthinapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which are mandatory for all property transactions.

Frequently asked questions

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

The current guideline value of Sri Sks Sai Nagar is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Sks Sai Nagar has remained at Rs 2,000 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Asthinapuram?

The median guideline value in Asthinapuram is Rs 1,614 per sq.ft. Sri Sks Sai Nagar's guideline value is above this median.

What are the stamp duty rates for property in Sri Sks Sai Nagar?

The stamp duty for property transactions in Sri Sks Sai Nagar is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the same value.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.