Guideline Value for Sai Baba Nagar

Sai Baba Nagar guideline value

The current guideline value of Sai Baba Nagar is Rs 1,000 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri Sub Registrar Office and is classified as Commercial Class I Type - I.

How the guideline value of Sai Baba Nagar has changed

In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 670 per sq.ft, marking a drop of 33%. However, in the 2023 revision, the guideline value increased significantly to Rs 1,000 per sq.ft again, representing a 49% increase from the 2017 figure. Overall, from 2012 to 2023, the guideline value has remained the same.

The register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Kolapakkam

Currently, there are no specific village figures provided for Kolapakkam. Sai Baba Nagar is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sai Baba Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty, calculated at 7%, amounts to Rs 70,000, while the registration fee at 2% is Rs 20,000. Together, the total cost for stamp duty and registration fee would be Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sai Baba Nagar?

The Sai Baba Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, 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 Kolapakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Kolapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the higher amount between the guideline value and the actual sale price is considered for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sai Baba Nagar?

The current guideline value of Sai Baba Nagar is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, a decrease of 33%. It then increased back to Rs 1,000 per sq.ft in 2023, resulting in a 49% increase from the 2017 figure.

What are the stamp duty and registration fees for properties in Sai Baba Nagar?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Sai Baba Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for Sai Baba Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Is there a guideline value for 2024 for Sai Baba Nagar?

The register has no figure for the 2024 revision for Sai Baba Nagar, so the current guideline value remains Rs 1,000 per sq.ft from the 2023 revision.