Guideline Value for Sai Nagar

Sai Nagar guideline value

The current guideline value of Sai Nagar in S. Kullathur village, under the Pallavaram SRO, is Rs 2,530 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Sai Nagar has changed

The guideline value for Sai Nagar has undergone several revisions over the years. In 2003, the value was set at Rs 43 per sq.ft, which saw a significant increase to Rs 750 per sq.ft in 2007. The value then rose dramatically to Rs 2,300 per sq.ft in 2012, before dropping to Rs 1,541 per sq.ft in 2017. The 2023 revision marked another increase to Rs 2,000 per sq.ft, culminating in the current value of Rs 2,530 per sq.ft in 2024.

Between these revisions, the changes were notable. From 2003 to 2007, the value increased by 1644%, followed by a 207% rise from 2007 to 2012. However, there was a decline of 33% from 2012 to 2017. The value then rose by 30% from 2017 to 2023, and finally, an increase of 27% was recorded from 2023 to 2024.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, placing Sai Nagar's 2024 figure below that median.

• Sadasivam Avenue Extn.: Rs 2,530 per sq.ft (2024)
• Sadasivam Avenue 1 To 6 Streets: Rs 2,530 per sq.ft (2024)
• Sadasivam Avenue: Rs 2,530 per sq.ft (2024)
• Rose Avenue: Rs 2,530 per sq.ft (2024)
• RATHRAPURI 1st STREET: Rs 2,750 per sq.ft (2024)
• RAM Nagar: Rs 2,530 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 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, totaling Rs 2,27,700. 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?

The Sub Registrar Office that covers Sai Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in S. Kullathur

When buying or selling property in S. Kullathur, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is used to assess the minimum value of the property for registration purposes, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions. This value is regularly updated, reflecting changes in the real estate market and local regulations.

Frequently asked questions

What is the current guideline value of Sai Nagar?

The current guideline value of Sai Nagar is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 43 per sq.ft in 2003 to Rs 2,530 per sq.ft in 2024, with various revisions in between.

What is the land classification for Sai Nagar?

Sai Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.

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

For a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100, and the registration fee would be Rs 50,600, totaling Rs 2,27,700.

Where is the Sub Registrar Office for Sai Nagar located?

The Sub Registrar Office for Sai Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.