Guideline Value for Sai Nagar

Sai Nagar guideline value

The current guideline value of Sai Nagar, located in Chembakkam village under the Selaiyur SRO, is Rs 2,700 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

How the guideline value of Sai Nagar has changed

The guideline value for Sai Nagar has seen several revisions over the years. In 2007, the value was set at Rs 250 per sq.ft, which then increased dramatically to Rs 2,500 per sq.ft in 2012, marking a significant rise of 900%. However, by 2017, the value decreased to Rs 1,675 per sq.ft, reflecting a decline of 33%. The subsequent revision in 2023 raised the value to Rs 2,500 per sq.ft, followed by the most recent increase to Rs 2,700 per sq.ft in 2024, which is an 8% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 980%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Sai Nagar's 2024 figure above this median.

• Sai Nagar Extension: Rs 2,700 per sq.ft (2024)
• Sadhasivam Nagar Main Road: Rs 1,100 per sq.ft (2024)
• Sadhasivam Nagar 3rd Street: Rs 1,100 per sq.ft (2024)
• Sadhasivam Nagar 2nd Cross Street: Rs 1,100 per sq.ft (2024)
• Sadhasivam Nagar 1st Cross Street: Rs 1,100 per sq.ft (2024)
• Sadhasivam Nagar: Rs 1,100 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 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000. Together, these fees would total 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 information, 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 Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Chembakkam

The guideline value is an essential factor in the registration process when buying or selling property in Chembakkam. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated fairly based on the property's assessed value.

When a property is registered, the guideline value helps to establish the minimum value for taxation purposes. Buyers and sellers should be aware that the higher of the guideline value or the sale price will be used to calculate the stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Sai Nagar?

The current guideline value of Sai Nagar 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 250 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 980% over this period.

What are the registration fees for property in Sai Nagar?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles property registrations in Sai Nagar?

The Selaiyur Sub Registrar Office handles property registrations for Sai Nagar, located at No.36, Bharathmatha Salai, East Tambaram, Chennai.

What is the median guideline value in Chembakkam?

The median guideline value for the streets in Chembakkam is Rs 2,200 per sq.ft, with Sai Nagar's value being above this median at Rs 2,700 per sq.ft.