Guideline Value for Sai Star City

Sai Star City guideline value

The current guideline value of Sai Star City is Rs 1,300 per sq.ft. This property is located in Melakottyur village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Sai Star City has changed

The guideline value for Sai Star City has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,300 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 871 per sq.ft. However, in the 2023 revision, the guideline value increased significantly to Rs 1,300 per sq.ft again.

From 2017 to 2023, there was a notable increase of 49% in the guideline value. In contrast, the revision from 2012 to 2017 saw a decrease of 33%. Overall, comparing the 2012 and 2023 figures, the guideline value has remained constant, showing no change.

Guideline values in Melakottyur

Currently, there are no specific guideline values provided for other streets in Melakottyur under the Gooduvancheri SRO. Therefore, Sai Star City stands out with its established guideline value.

Stamp duty and registration fee for property in Sai Star City

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the 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, bringing the total to Rs 1,17,000. Please 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 further calculations.

Which Sub Registrar Office covers Sai Star City?

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

To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Melakottyur. It is used to determine the stamp duty and registration fees that must be paid during the sale or purchase of a property.

When registering a property, the buyer must consider the guideline value, as the duty is charged based on the higher of the guideline value or the sale price. This ensures that the transaction is accurately reflected in the official records.

Frequently asked questions

What is the current guideline value of Sai Star City?

The current guideline value of Sai Star City is Rs 1,300 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, and then back to Rs 1,300 per sq.ft in 2023. This reflects a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017.

What is the land classification for Sai Star City?

Sai Star City is classified as Residential Special Type - I, indicating its intended use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How do stamp duty and registration fees work in Sai Star City?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total of Rs 1,17,000 in fees.