Guideline Value for Sai Nagar

Sai Nagar guideline value

The current guideline value of Sai Nagar in Kavanur village is Rs 800 per sq.ft, effective from 1 July 2024. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - III.

How the guideline value of Sai Nagar has changed

Over the years, the guideline value of Sai Nagar has seen several revisions. The 2007 revision recorded a value of Rs 145 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision. However, the 2017 revision saw a decrease to Rs 536 per sq.ft. Following that, the values remained stable at Rs 800 per sq.ft for both the 2023 and 2024 revisions, indicating no change between these two years.

In terms of percentage changes, from 2007 to 2012, there was a remarkable increase of 452%. The value then decreased by 33% from 2012 to 2017. However, from 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 452%.

Guideline values in Kavanur

Kavanur village has a total of 109 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 500 to Rs 2,239 per sq.ft. The median guideline value in this area is Rs 800 per sq.ft, which is equal to the current value of Sai Nagar.

• Sai santhivilla Layout: Rs 900 per sq.ft (2024)
• R.V.R. Nagar: Rs 800 per sq.ft (2024)
• Rithika Garden Phase -VII: Rs 1,000 per sq.ft (2024)
• Rithika Garden Phase -VI: Rs 1,000 per sq.ft (2024)
• Rithika Garden Phase -V: Rs 1,000 per sq.ft (2024)
• Rithika Garden Phase - II: Rs 1,000 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 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, resulting in a total of Rs 72,000 for these fees. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sai Nagar?

The Sub Registrar Office that covers Sai Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Kavanur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value as it directly affects the financial aspects of property transactions. Ensuring that the sale price is aligned with the guideline value can help avoid 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 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions being Rs 800 per sq.ft in both 2023 and 2024. The value saw a decrease to Rs 536 per sq.ft in 2017, after being Rs 800 per sq.ft in 2012.

What is the classification of land in Sai Nagar?

Sai Nagar is classified as Residential Special Type - III under the guideline values set by the Gooduvancheri SRO.

What are the other streets in Kavanur with similar guideline values?

Other streets in Kavanur include Sai santhivilla Layout at Rs 900 per sq.ft and R.V.R. Nagar at Rs 800 per sq.ft, among others. The guideline values for these streets vary, with some reaching up to Rs 1,000 per sq.ft.

How is stamp duty calculated for properties in Sai Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 8,00,000, the stamp duty would be Rs 56,000 at 7%.