Guideline Value for Sairam Nagar

Sairam Nagar guideline value

The current guideline value of Sairam Nagar, located in Thirumullaivoyal village under the Ambattur SRO, is Rs 880 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class V Type - II.

How the guideline value of Sairam Nagar has changed

Over the years, the guideline value of Sairam Nagar has seen several revisions. The earliest recorded revision in 2007 set the guideline value at Rs 200 per sq.ft. This figure increased significantly to Rs 800 per sq.ft in 2012, marking a 300% rise. However, the subsequent revision in 2017 saw a decrease to Rs 536 per sq.ft, which represented a 33% drop. The most recent revision in 2024 has increased the guideline value to Rs 880 per sq.ft, reflecting a 64% rise from the 2017 figure. It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 340%. This indicates a significant change in the valuation of properties in Sairam Nagar over the years.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value of Sairam Nagar is below this median, indicating a relatively lower valuation compared to other streets in the area.

• Sai Prabhu Batha Street(Srinagar Colony): Rs 2,700 per sq.ft (2024)
• Saibaba Street(srinagar colony): Rs 2,700 per sq.ft (2024)
• Sakthi Street(Devi Nagar): Rs 2,400 per sq.ft (2024)
• Sakthi Vel Nagar: Rs 1,500 per sq.ft (2024)
• Sakunthalam street(srisakthi nagar): Rs 2,400 per sq.ft (2024)
• Rukumani Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sairam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees together to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sairam Nagar?

The Sairam Nagar area falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thirumullaivoyal. It serves as the benchmark for determining the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the current market conditions.

During the registration process, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, and it also helps maintain transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Sairam Nagar?

The current guideline value of Sairam Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, showing an overall increase of 340% over the years.

What are the other streets with their guideline values in Thirumullaivoyal?

Other streets in Thirumullaivoyal include Sai Prabhu Batha Street and Saibaba Street, both at Rs 2,700 per sq.ft, and Sakthi Street at Rs 2,400 per sq.ft, among others.

What is the registration fee for property in Sairam Nagar?

The registration fee is calculated based on the guideline value, which for Sairam Nagar is currently Rs 880 per sq.ft. The fee is 2% of the guideline value.

Where can I find the Sub Registrar Office for Sairam Nagar?

The Ambattur Sub Registrar Office covers Sairam Nagar and is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.