Guideline Value for Sai Nager

Sai Nager guideline value

The current guideline value of Sai Nager, located in 5. Athipattu village under the Konnur SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Sai Nager has changed

In the 2017 revision, the guideline value was Rs 804 per sq.ft. This figure increased significantly to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision sees another increase to Rs 1,300 per sq.ft, which is an 8% increase from the previous year. The register has no figure for this street in the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 62%. The consistent increases reflect the evolving valuation of properties in this area over the years.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Sai Nager is below this median.

• Royal Avalon: Rs 3,600 per sq.ft (2024)
• Roja Street: Rs 2,200 per sq.ft (2024)
• Renganathan Street: Rs 1,600 per sq.ft (2024)
• Reddy Street: Rs 1,600 per sq.ft (2024)
• Ram Poornam Nagar Extention: Rs 1,300 per sq.ft (2024)
• Ram Poornam Nagar -2: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Nager

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sai Nager?

The Sub Registrar Office that covers Sai Nager is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value plays a crucial role during the registration of property transactions in 5. Athipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Sai Nager?

The current guideline value of Sai Nager is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 62% over this period.

What are the guideline values of other streets in 5. Athipattu?

Other streets in 5. Athipattu have varying guideline values, with Royal Avalon at Rs 3,600 per sq.ft, Roja Street at Rs 2,200 per sq.ft, and Renganathan Street and Reddy Street both at Rs 1,600 per sq.ft, among others.

What fees are associated with buying property in Sai Nager?

When buying property in Sai Nager, buyers must pay stamp duty at 7% and a registration fee at 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sai Nager?

The Konnur Sub Registrar Office covers Sai Nager and is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.