Guideline Value for Shiridi Sai Nagar

Shiridi Sai Nagar guideline value

The current guideline value of Shiridi Sai Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Orathur village under the Gooduvancheri SRO and is classified as Residential Class I Type - I.

How the guideline value of Shiridi Sai Nagar has changed

Over the years, the guideline value of Shiridi Sai Nagar has experienced several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 600 per sq.ft. The 2024 revision has maintained this value at Rs 600 per sq.ft, resulting in a 0% change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Therefore, the only revisions with recorded figures are from 2012, 2017, 2023, and 2024.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 335 to Rs 1,700 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value of Shiridi Sai Nagar, at Rs 600 per sq.ft, is above this median.

• Shri Shanmuga Nagr Phase-IV: Rs 400 per sq.ft (2024)
• Shruthi Garden: Rs 500 per sq.ft (2024)
• Shanmuga Nagar Phase-I: Rs 500 per sq.ft (2024)
• Selvi Enclave: Rs 500 per sq.ft (2024)
• S.R.B Avenue: Rs 500 per sq.ft (2024)
• Sri Agatheshwarar Nagar: Rs 896 per sq.ft (2024)

Stamp duty and registration fee for property in Shiridi Sai 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 charged 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. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shiridi Sai Nagar?

The Sub Registrar Office that covers Shiridi Sai Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Orathur. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official register.

When a buyer purchases a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Shiridi Sai Nagar?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2012 to 2024, with a decrease to Rs 402 per sq.ft in 2017 and an increase of 49% from 2017 to 2023.

What is the land classification of Shiridi Sai Nagar?

Shiridi Sai Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty rates for property in Shiridi Sai Nagar?

The stamp duty for property transactions in Shiridi Sai Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Gooduvancheri Sub Registrar Office?

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