Guideline Value for Sai Nagar

Sai Nagar guideline value

The current guideline value of Sai Nagar, located in Puthagaram village under the Ambattur SRO, is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Sai Nagar has changed

Over the years, the guideline value of Sai Nagar has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft. In 2017, the value decreased to Rs 1,005 per sq.ft, reflecting a -33% change. However, the value increased significantly in the following years, with the 2023 revision bringing it back up to Rs 1,500 per sq.ft, and the latest 2024 revision increasing it further to Rs 1,600 per sq.ft, marking a +7% change from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of +49%. Overall, from 2012 to 2024, the guideline value has increased by +7%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthagaram

In Puthagaram village, there are 140 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,200 to Rs 3,800 per sq.ft, with a median value of Rs 1,900 per sq.ft. Sai Nagar's guideline value of Rs 1,600 per sq.ft is below this median.

• Sabapathi Nagar: Rs 1,600 per sq.ft (2024)
• Revathi Nagar: Rs 1,900 per sq.ft (2024)
• Santhosh Nagar: Rs 2,200 per sq.ft (2024)
• Santhosh Nagar Extn: Rs 2,200 per sq.ft (2024)
• Saraswathi Nagar: Rs 3,500 per sq.ft (2024)
• Saraswathi Nagar Annexe & Ext: Rs 3,500 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 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total cost for these fees Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sai Nagar?

The Sai Nagar area is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Puthagaram. It determines the minimum value at which property transactions are registered. This value ensures that the government receives appropriate stamp duty and registration fees based on the property's worth.

When a property is sold, the buyer and seller must consider the guideline value to calculate the necessary fees. The registration process will utilize the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sai Nagar?

The current guideline value of Sai Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value of Sai Nagar changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 1,600 per sq.ft in 2024, compared to Rs 1,500 per sq.ft in 2023 and Rs 1,005 per sq.ft in 2017.

What is the land classification of Sai Nagar?

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

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 16,00,000, the total fees would amount to Rs 1,44,000.

Which Sub Registrar Office covers Sai Nagar?

The Ambattur Sub Registrar Office covers Sai Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.