Guideline Value for Sai Krishna Nagar

Sai Krishna Nagar guideline value

The current guideline value of Sai Krishna Nagar is Rs 989 per sq.ft, effective from 1 July 2024. This locality is situated in Thandurai village, under the Avadi SRO, classified as Residential Class I Type - I.

How the guideline value of Sai Krishna Nagar has changed

The guideline value for Sai Krishna Nagar has undergone several revisions over the years. The 2012 revision recorded a value of Rs 900 per sq.ft, which decreased to Rs 603 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 900 per sq.ft. The latest revision in 2024 has set the value at Rs 989 per sq.ft, marking a 10% increase from the previous year’s figure of Rs 900 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO, with guideline values ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value for these streets is Rs 988 per sq.ft, placing Sai Krishna Nagar's 2024 figure slightly above this median.

• Sakthi Nagar: Rs 800 per sq.ft (2024)
• Sakthi Nagar Extn: Rs 800 per sq.ft (2024)
• Sakthivel St, Cholan Nagar: Rs 988 per sq.ft (2024)
• Salamon St, Venkateswara Nagar: Rs 800 per sq.ft (2024)
• Sandhai St (M.T.H.Road Southern Side): Rs 1,980 per sq.ft (2024)
• Sanjai Gandhi St: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Krishna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 989 per sq.ft, the total guideline value would amount to Rs 9,89,000. The stamp duty at 7% would be Rs 69,230, and the registration fee at 2% would be Rs 19,780, making the total cost for these fees Rs 89,010. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sai Krishna Nagar?

The Sai Krishna Nagar area is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thandurai. It serves as the basis for calculating the stamp duty and registration fees when registering a property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to determine the applicable fees, which are mandatory for the registration process. This ensures that all transactions are documented accurately and reflect the current market conditions as defined by the local authorities.

Frequently asked questions

What is the current guideline value of Sai Krishna Nagar?

The current guideline value of Sai Krishna Nagar is Rs 989 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 989 per sq.ft in 2024.

What is the median guideline value for streets in Thandurai?

The median guideline value for the 331 streets in Thandurai is Rs 988 per sq.ft, with Sai Krishna Nagar's value being slightly above this median.

What are the stamp duty and registration fees for Sai Krishna Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 9,89,000. The stamp duty would be Rs 69,230, and the registration fee would be Rs 19,780, totaling Rs 89,010.

Which office handles registrations for Sai Krishna Nagar?

The Avadi Sub Registrar Office handles registrations for Sai Krishna Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.