Guideline Value for Sai Nagar

Sai Nagar guideline value

The current guideline value of Sai Nagar, located in Allappakkam village under the Chengleput Joint I SRO, is Rs 1,102 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Sai Nagar has changed

The guideline value for Sai Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,100 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 737 per sq.ft, marking a drop of 33%. Following this, the value saw a significant increase to Rs 1,100 per sq.ft in the 2023 revision, and it has now slightly increased to Rs 1,102 per sq.ft in the 2024 revision, resulting in no overall change from 2012 to 2024.

It's important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. From 2017 to 2023, the guideline value increased by 49%, reflecting the fluctuations in property values over the years.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO, with the 2024 guideline values ranging from Rs 600 to Rs 2,000 per sq.ft. The median guideline value is Rs 1,102 per sq.ft, which is equal to the current guideline value of Sai Nagar.

• Sai Kiruba Nagar: Rs 1,102 per sq.ft (2024)
• Sakthi Nagar: Rs 1,200 per sq.ft (2024)
• Sakthi Nagar Ext: Rs 1,200 per sq.ft (2024)
• Samraja Nagar: Rs 902 per sq.ft (2024)
• Roja Garden: Rs 1,102 per sq.ft (2024)
• Rishi Hill View Co-Op Nagar Phase-III: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,102 per sq.ft, the total guideline value would be Rs 11,02,000. The stamp duty at 7% would amount to Rs 77,140, and the registration fee at 2% would be Rs 22,040, bringing the total charges to Rs 99,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sai Nagar?

Sai Nagar falls under the jurisdiction of the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process of property transactions in Allappakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential for buyers and sellers to 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?

The current guideline value of Sai Nagar is Rs 1,102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then back to Rs 1,100 per sq.ft in 2023, and now to Rs 1,102 per sq.ft in 2024.

What is the land classification for Sai Nagar?

The land classification for Sai Nagar is Residential Special Type - III.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total charges would amount to Rs 99,180.

Which office handles property registrations for Sai Nagar?

The Chengleput Joint I Sub Registrar Office handles property registrations for Sai Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.