Guideline Value for Sai Ram Nagar Extension-I

Sai Ram Nagar Extension-I guideline value

The current guideline value of Sai Ram Nagar Extension-I is Rs 700 per sq.ft, effective from 1 July 2024. This property is located in Karanaipuducheri village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sai Ram Nagar Extension-I has changed

Over the years, the guideline value for Sai Ram Nagar Extension-I has seen several revisions. The 2012 revision set the value at Rs 700 per sq.ft, which remained unchanged in the 2023 revision. However, the 2017 revision recorded a lower value of Rs 469 per sq.ft, marking a decrease of 33% from the 2012 figure. From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 700 per sq.ft.

With the latest revision in 2024, the guideline value remains at Rs 700 per sq.ft, indicating no change from the previous year. It is important to note that there are no figures available for this street in the revisions from 2002, 2003, and 2007.

Guideline values in Karanaipuducheri

In Karanaipuducheri, a total of 108 streets are listed under the Gooduvancheri SRO, with guideline values for 2024 ranging from Rs 400 to Rs 2,239 per sq.ft. The median value for these streets is Rs 802 per sq.ft, placing Sai Ram Nagar Extension-I below this median.

• Sairam Nagar Extension - II: Rs 1,500 per sq.ft (2024)
• Sairam Nagar: Rs 701 per sq.ft (2024)
• Sai Empire(350/10a3a,10b3a): Rs 1,200 per sq.ft (2024)
• Sai Empire(349/13,14): Rs 1,650 per sq.ft (2024)
• Sai Empire: Rs 1,650 per sq.ft (2024)
• Sakthi Vinayagar Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Ram Nagar Extension-I

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty is calculated at 7%, resulting in Rs 49,000, while the registration fee at 2% amounts to Rs 14,000. Together, these fees total Rs 63,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sai Ram Nagar Extension-I?

The Sai Ram Nagar Extension-I falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Karanaipuducheri. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers should be aware that the guideline value is an important factor that influences the overall cost of property transactions.

When registering a property, the guideline value ensures that the transaction is documented at a fair rate, reflecting the property's worth as per government standards. This helps maintain transparency and accountability in real estate dealings.

Frequently asked questions

What is the current guideline value of Sai Ram Nagar Extension-I?

The current guideline value of Sai Ram Nagar Extension-I is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since 2012, with a significant increase from Rs 469 per sq.ft in 2017 to the current value. There have been no changes from 2023 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 7,00,000, the stamp duty is Rs 49,000, and the registration fee is Rs 14,000, totaling Rs 63,000.

Which office handles the registration of properties in Sai Ram Nagar Extension-I?

The Gooduvancheri Sub Registrar Office handles the registration of properties in Sai Ram Nagar Extension-I, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

What is the land classification of Sai Ram Nagar Extension-I?

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