Guideline Value for Sai Star City Phase I

Sai Star City Phase I guideline value

The current guideline value of Sai Star City Phase I is Rs 1,500 per sq.ft. This property is located in Melakottyur village, under the Gooduvancheri SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Sai Star City Phase I has changed

The guideline value for Sai Star City Phase I has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. However, in the 2017 revision, it decreased to Rs 1,005 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw a significant increase, bringing the value back up to Rs 1,500 per sq.ft, which reflects a rise of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained unchanged at Rs 1,500 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Melakottyur

Currently, there are no specific guideline values provided for other properties in Melakottyur village. Sai Star City Phase I is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sai Star City Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty, charged at 7%, would amount to Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Therefore, the total cost for stamp duty and registration would be Rs 1,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sai Star City Phase I?

The Sai Star City Phase I property falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering a property in Melakottyur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and transparently.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations associated with the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Sai Star City Phase I?

The current guideline value of Sai Star City Phase I is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, a decrease of 33%. It then increased back to Rs 1,500 per sq.ft in the 2023 revision, reflecting a 49% rise from the 2017 figure.

What are the stamp duty and registration fees for Sai Star City Phase I?

For a plot of 1,000 sq.ft at the current guideline value, the total guideline value is Rs 15,00,000. The stamp duty is Rs 1,05,000, and the registration fee is Rs 30,000, totaling Rs 1,35,000.

Which Sub Registrar Office covers Sai Star City Phase I?

The Gooduvancheri Sub Registrar Office covers Sai Star City Phase I, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Is there any guideline value for other streets in Melakottyur?

Currently, there are no specific guideline values provided for other streets in Melakottyur village. Sai Star City Phase I is the only street mentioned under the Gooduvancheri SRO.