Guideline Value for Sai Thirumala nagar

Sai Thirumala nagar guideline value

The current guideline value of Sai Thirumala nagar, located in Nenmeli village, is Rs 600 per sq.ft, effective from the 2024 revision. This area falls under the Chengleput Joint I SRO and is classified as Mixed Type - III land.

How the guideline value of Sai Thirumala nagar has changed

In the 2007 revision, the guideline value was Rs 140 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 600 per sq.ft, marking a 329% increase. However, in the 2017 revision, the value decreased to Rs 402 per sq.ft, reflecting a drop of 33%. The 2023 revision maintained the value at Rs 600 per sq.ft, and the same value was retained in the 2024 revision, showing no change from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 329%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nenmeli

In Nenmeli, there are 53 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft, with a median value of Rs 612 per sq.ft. The guideline value of Sai Thirumala nagar is below this median.

• Sai Suja Avenue: Rs 600 per sq.ft (2024)
• Sai Saraswathi Nagar: Rs 800 per sq.ft (2024)
• Sai Ram nagar: Rs 550 per sq.ft (2024)
• Sailakshmi Nagar: Rs 600 per sq.ft (2024)
• Sameera Garden: Rs 600 per sq.ft (2024)
• Sai City: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Thirumala nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sai Thirumala nagar?

The Sai Thirumala nagar area is covered by the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

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

When a buyer or seller engages in a transaction, the guideline value ensures that the property is registered at a fair value, and the associated fees are calculated based on this value. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Sai Thirumala nagar?

The current guideline value of Sai Thirumala nagar is Rs 600 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most significant increase occurring from Rs 140 per sq.ft in 2007 to Rs 600 per sq.ft in 2012. The value remained at Rs 600 per sq.ft from 2012 to 2024, with no change in the last two revisions.

Which Sub Registrar Office covers Sai Thirumala nagar?

The Chengleput Joint I Sub Registrar Office covers Sai Thirumala nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What are the stamp duty and registration fees for property in Sai Thirumala nagar?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 54,000.

What is the land classification of Sai Thirumala nagar?

Sai Thirumala nagar is classified as Mixed Type - III land, which is relevant for determining its guideline value and other regulatory aspects.