Guideline Value for Sai Baba Street

Sai Baba Street guideline value

The current guideline value of Sai Baba Street in Ulunthai village is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Sai Baba Street has changed

The guideline value for Sai Baba Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 150 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft, representing a 33% drop. The value then increased by 50% in the 2023 revision, bringing it back to Rs 150 per sq.ft. The current 2024 revision also maintains this figure, showing no change from the previous year.

It is important to note that the register has no figures for Sai Baba Street in the years 2002, 2003, and 2007. Therefore, the only revisions with recorded figures are from 2012, 2017, 2023, and the current 2024 revision.

Guideline values in Ulunthai

In Ulunthai, there are 27 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 426 per sq.ft. The median value among these streets is Rs 150 per sq.ft, which is the same as the guideline value for Sai Baba Street.

• Rangapuram Street: Rs 150 per sq.ft (2024)
• Ramar Koil Street: Rs 150 per sq.ft (2024)
• Sivan Kovil Street: Rs 150 per sq.ft (2024)
• SriMathi Nagar: Rs 150 per sq.ft (2024)
• Pallikuda Street: Rs 150 per sq.ft (2024)
• Palla Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Baba Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total cost for these fees Rs 13,500. Please 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 Sai Baba Street?

The Sub Registrar Office covering Sai Baba Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor when registering property transactions in Ulunthai. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Sai Baba Street?

The current guideline value of Sai Baba Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent being Rs 150 per sq.ft in 2023 and 2024. It was Rs 100 per sq.ft in 2017 and Rs 150 per sq.ft in 2012.

What is the classification of Sai Baba Street?

Sai Baba Street is classified as Residential Class II Type - I, which is a designation used for residential properties in the area.

What are the stamp duty and registration fees for a property in Sai Baba Street?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sai Baba Street located?

The Sub Registrar Office for Sai Baba Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.