Guideline Value for Shirdi Sai Baba Nagar

Shirdi Sai Baba Nagar guideline value

The current guideline value of Shirdi Sai Baba Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is part of Old Gummidipoondi village, falling under the Gummidipoondi SRO, and is classified as Residential Class III Type - I.

How the guideline value of Shirdi Sai Baba Nagar has changed

The guideline value for Shirdi Sai Baba Nagar has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 64 per sq.ft. This increased to Rs 132 per sq.ft in 2003, marking a significant rise of 106%. The value continued to rise to Rs 150 per sq.ft in 2007, reflecting a 14% increase. In 2012, the value reached Rs 300 per sq.ft, showing a substantial growth of 100%. However, it then decreased to Rs 201 per sq.ft in 2017, a drop of 33%. The value increased again to Rs 300 per sq.ft in 2023, and finally, it is set to rise to Rs 330 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 416%. Notably, there are no figures available for revisions in years other than those mentioned.

Guideline values in Old Gummidipoondi

In Old Gummidipoondi, there are 90 streets under the Gummidipoondi SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,210 per sq.ft, with a median value of Rs 660 per sq.ft. The guideline value of Shirdi Sai Baba Nagar is below this median.

• Shree Ragavandhira City: Rs 660 per sq.ft (2024)
• Sipcot Industrial Estate: Rs 330 per sq.ft (2024)
• Saranya Nagar Ward No.9 Door No.1-4: Rs 660 per sq.ft (2024)
• Santhu Street Ward No.2 Door No.1-35: Rs 330 per sq.ft (2024)
• Srinivasa Colony: Rs 220 per sq.ft (2024)
• Rettambedu Road Ward No.1 Door No.1-36: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Shirdi Sai Baba Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty, calculated at 7%, would amount to Rs 23,100, while the registration fee at 2% would be Rs 6,600. The total cost for these fees would be Rs 29,700. It is important to 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 Shirdi Sai Baba Nagar?

The Sub Registrar Office that covers Shirdi Sai Baba Nagar is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Old Gummidipoondi. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory during the property transaction process.

When a buyer or seller engages in a property transaction, the guideline value ensures that the property is registered at a fair value. This helps maintain transparency in property dealings and ensures that the appropriate fees are collected by the government.

Frequently asked questions

What is the current guideline value of Shirdi Sai Baba Nagar?

The current guideline value of Shirdi Sai Baba Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 64 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 416% over the years.

What are the stamp duty and registration fees for property in Shirdi Sai Baba Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 3,30,000. The stamp duty is Rs 23,100, and the registration fee is Rs 6,600, totaling Rs 29,700.

Which office handles property registrations in Shirdi Sai Baba Nagar?

The Gummidipoondi Sub Registrar Office handles property registrations in Shirdi Sai Baba Nagar, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

What is the significance of guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It serves as a benchmark to ensure transparency and fair valuation in the registration process.