Guideline Value for Sai Raghava Nagar

Sai Raghava Nagar guideline value

The current guideline value of Sai Raghava Nagar is Rs 2,640 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village and falls under the Padappai SRO. The land classification for this locality is Residential Class I Type - I.

How the guideline value of Sai Raghava Nagar has changed

The guideline value for Sai Raghava Nagar has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 2,400 per sq.ft. This figure then dropped to Rs 1,608 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 2,400 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 2,640 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Sai Raghava Nagar in the register. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, placing Sai Raghava Nagar's 2024 figure above this median.

• Saint Johns School Street: Rs 2,640 per sq.ft (2024)
• Sakthi nagar: Rs 2,640 per sq.ft (2024)
• Sai Avenue: Rs 1,980 per sq.ft (2024)
• Sadagopan Nagar: Rs 2,310 per sq.ft (2024)
• Rukmani Street: Rs 1,980 per sq.ft (2024)
• Ruby's Shoba Castle: Rs 3,740 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Raghava Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value would be Rs 26,40,000. The stamp duty at 7% would amount to Rs 1,84,800, while the registration fee at 2% would be Rs 52,800, making the total charges together Rs 2,37,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own charges using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sai Raghava Nagar?

The Sub Registrar Office that covers Sai Raghava Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your specific SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of a property.

When a property is sold, the buyer and seller must ensure that the sale price meets or exceeds the guideline value, as the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sai Raghava Nagar?

The current guideline value of Sai Raghava Nagar is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,400 per sq.ft in 2012 to Rs 1,608 per sq.ft in 2017, then back to Rs 2,400 per sq.ft in 2023, and finally to Rs 2,640 per sq.ft in 2024.

What is the land classification for Sai Raghava Nagar?

The land classification for Sai Raghava Nagar is Residential Class I Type - I, indicating its suitability for residential development.

Where is the Sub Registrar Office for Sai Raghava Nagar located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Sai Raghava Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,84,800.