Guideline Value for Sai Lakshmi Nagar

Sai Lakshmi Nagar guideline value

The current guideline value of Sai Lakshmi Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sai Lakshmi Nagar has changed

The guideline value for Sai Lakshmi Nagar has seen several revisions over the years. In the 2017 revision, the guideline value was set at Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 700 per sq.ft. The most recent revision in 2024 maintained the guideline value at Rs 700 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a 49% increase in the guideline value. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, which is equal to the current guideline value of Sai Lakshmi Nagar.

• Sai Garden: Rs 1,500 per sq.ft (2024)
• Sai Nagar: Rs 1,000 per sq.ft (2024)
• Sakthi Nagar: Rs 1,200 per sq.ft (2024)
• Samsu Nagar: Rs 1,000 per sq.ft (2024)
• Rotarypuram: Rs 400 per sq.ft (2024)
• Roni Avenue: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Lakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty, charged at 7%, would amount to Rs 49,000, and the registration fee, charged at 2%, would be Rs 14,000. Together, the total cost for stamp duty and registration would be Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sai Lakshmi Nagar?

The Sub Registrar Office that covers Sai Lakshmi Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Sriperumbudur A. It serves as a benchmark for determining the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it is essential to be aware of the guideline value, as it can impact the overall costs involved in the transaction. The guideline value is updated periodically, reflecting changes in the real estate market and ensuring fair valuation during property registration.

Frequently asked questions

What is the current guideline value of Sai Lakshmi Nagar?

The current guideline value of Sai Lakshmi Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49% from Rs 469 per sq.ft to Rs 700 per sq.ft in 2024. The value remained unchanged from 2023 to 2024.

What is the land classification for Sai Lakshmi Nagar?

Sai Lakshmi Nagar is classified as Residential Class III Type - I. This classification indicates the type of development permissible in the area.

Where can I find the Sub Registrar Office for Sai Lakshmi Nagar?

The Sub Registrar Office for Sai Lakshmi Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can also find your SRO online.

How is the stamp duty calculated for property in Sai Lakshmi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.