Guideline Value for Saibaba Nagar

Saibaba Nagar guideline value

The current guideline value of Saibaba Nagar, located in Kolathoor village under the Thiruporur SRO, is Rs 1,642 per sq.ft as per the 2023 revision. The land classification for this area is Mixed Type - III.

How the guideline value of Saibaba Nagar has changed

In the 2017 revision, the guideline value was set at Rs 1,100 per sq.ft. This marked an increase of 49% to the current value of Rs 1,642 per sq.ft in the 2023 revision. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street.

Therefore, the only recorded changes in the guideline value for Saibaba Nagar are from the 2017 revision to the 2023 revision, reflecting a significant rise in the value per sq.ft over this period.

Guideline values in Kolathoor

Currently, there are no specific village figures available for Kolathoor. Saibaba Nagar is the only street mentioned in the available data. There are no other streets in Kolathoor under the Thiruporur SRO.

Stamp duty and registration fee for property in Saibaba Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,642 per sq.ft, the total guideline value would be Rs 16,42,000. The stamp duty at 7% would amount to Rs 1,14,940, and the registration fee at 2% would be Rs 32,840, bringing the total to Rs 1,47,780. It is important to 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 more details.

Which Sub Registrar Office covers Saibaba Nagar?

The Sub Registrar Office that covers Saibaba Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is an essential factor in the registration process for property transactions in Kolathoor. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Saibaba Nagar?

The current guideline value of Saibaba Nagar is Rs 1,642 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,100 per sq.ft in the 2017 revision to Rs 1,642 per sq.ft in the 2023 revision, reflecting a 49% increase.

Are there any guideline values for previous years?

No figures are available for the revisions in 2002, 2003, 2007, 2012, and 2024 for Saibaba Nagar.

What is the stamp duty for property in Saibaba Nagar?

The stamp duty for property in Saibaba Nagar is 7% of the guideline value, which would be Rs 1,14,940 for a 1,000 sq.ft plot at the current rate.

Where is the Sub Registrar Office for Saibaba Nagar located?

The Thiruporur Sub Registrar Office, which covers Saibaba Nagar, is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.