Guideline Value for Sai Nagar 3rd Street

Sai Nagar 3rd Street guideline value

The current guideline value of Sai Nagar 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sai Nagar 3rd Street has changed

The guideline value for Sai Nagar 3rd Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 700 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in the 2012 revision, marking a rise of 257%. However, in the 2017 revision, the value decreased to Rs 1,675 per sq.ft, reflecting a decline of 33%. The most recent revision in 2024 has set the guideline value at Rs 2,700 per sq.ft, which is an increase of 61% from the 2017 figure.

It is important to note that the register has no figures for Sai Nagar 3rd Street for the years 2023, 2003, and 2002. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 286%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, making the 2024 figure for Sai Nagar 3rd Street below the median.

• Sai Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Sai Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Sai Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Saint Anthoni Nagar: Rs 2,700 per sq.ft (2024)
• Samundariya Colony 1st Cross Street: Rs 4,400 per sq.ft (2024)
• Samundariya Colony 1st Main Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total fees together Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sai Nagar 3rd Street?

The Sai Nagar 3rd Street is covered by the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees, which are essential costs associated with buying or selling property.

When a property is sold, the guideline value is used to calculate the applicable duties and fees, ensuring that the transaction is recorded accurately within the legal framework. Buyers and sellers must be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sai Nagar 3rd Street?

The current guideline value of Sai Nagar 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 286% over the years.

What is the stamp duty for properties on Sai Nagar 3rd Street?

The stamp duty for properties on Sai Nagar 3rd Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Sai Nagar 3rd Street?

The Sembiam Sub Registrar Office handles registrations for Sai Nagar 3rd Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

Where can I find more information about guideline values in Kolathur?

More information about guideline values in Kolathur can be found in the registration department's guideline value register, which provides details for various streets under the Sembiam SRO.