Guideline Value for Sai City

Sai City guideline value

The current guideline value of Sai City, located in Nenmeli village, is Rs 800 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint I SRO and is classified as Mixed Type - II land.

How the guideline value of Sai City has changed

According to the guideline value register, there have been no recorded figures for Sai City in the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision maintained the guideline value at Rs 800 per sq.ft, and the same value continues into the 2024 revision, reflecting a change of +0% from 2023 to 2024.

Currently, the guideline value stands at Rs 800 per sq.ft, which has been consistent since the 2023 revision. This stability indicates that there have been no fluctuations in the guideline value for this street over the past two years.

Guideline values in Nenmeli

Nenmeli village has a total of 53 streets under the Chengleput Joint I SRO, with guideline values ranging from Rs 400 to Rs 2,500 per sq.ft. The median guideline value for the village is Rs 612 per sq.ft, placing Sai City's 2024 figure above this median.

• Sailakshmi Nagar: Rs 600 per sq.ft (2024)
• Sai Ram nagar: Rs 550 per sq.ft (2024)
• Sai Saraswathi Nagar: Rs 800 per sq.ft (2024)
• Sai Suja Avenue: Rs 600 per sq.ft (2024)
• Sai Thirumala nagar: Rs 600 per sq.ft (2024)
• Sameera Garden: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sai City

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty, calculated at 7%, would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sai City?

The Chengleput Joint I Sub Registrar Office covers Sai City. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Nenmeli. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the property registration process.

When a buyer or seller engages in a transaction, the guideline value ensures that the transaction is recorded at an official value, which helps in maintaining transparency and compliance with local regulations. This value is particularly important for determining the financial obligations associated with the property transfer.

Frequently asked questions

What is the current guideline value of Sai City?

The current guideline value of Sai City is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no recorded figures for Sai City in the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 800 per sq.ft in both the 2023 and 2024 revisions, showing no change between these years.

What is the median guideline value in Nenmeli?

The median guideline value in Nenmeli is Rs 612 per sq.ft, with Sai City's value of Rs 800 per sq.ft being above this median.

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

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sai City?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for Sai City.