Guideline Value for Sri Sai Baba Nagar

Sri Sai Baba Nagar guideline value

The current guideline value of Sri Sai Baba Nagar, located in Kavanur village under the Gooduvancheri SRO, is Rs 700 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Sri Sai Baba Nagar has changed

The guideline value for Sri Sai Baba Nagar has undergone several revisions over the years. The earliest available figure is from 2007, where the value was Rs 145 per sq.ft. This increased significantly to Rs 700 per sq.ft in 2012, marking a substantial rise of 383%. However, from 2012 to 2017, the value decreased to Rs 469 per sq.ft, a decline of 33%. The value then rose again to Rs 700 per sq.ft in 2023, remaining unchanged in the subsequent 2024 revision.

From 2017 to 2023, the guideline value increased by 49%, bringing it back to Rs 700 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 383%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kavanur

Kavanur village has 109 streets under the Gooduvancheri SRO, with 2024 guideline values ranging from Rs 500 to Rs 2,239 per sq.ft. The median value for these streets is Rs 800 per sq.ft, making the guideline value of Sri Sai Baba Nagar below this median.

• Sri Sai Nagar: Rs 800 per sq.ft (2024)
• Sri Sai Santhi Nagar Phase -I: Rs 670 per sq.ft (2024)
• Sri Sai Santhi Nagar Phase -II: Rs 1,000 per sq.ft (2024)
• Sri Varalakshmi Nagar: Rs 600 per sq.ft (2024)
• Sri Varalakshmi Nagar Extension: Rs 1,000 per sq.ft (2024)
• Sri Vigneshwarar Nagar: Rs 600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Sri Sai Baba Nagar?

Sri Sai Baba Nagar is covered by 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 Kavanur

The guideline value is an essential factor in the registration process of property transactions in Kavanur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and fairness in property dealings, as all transactions are subject to the same valuation standards.

Frequently asked questions

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

The current guideline value of Sri Sai Baba Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, starting from Rs 145 per sq.ft in 2007 to Rs 700 per sq.ft in 2024. The value has fluctuated over the years, with significant increases and decreases noted in specific periods.

What is the land classification of Sri Sai Baba Nagar?

Sri Sai Baba Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a property valued at Rs 7,00,000, the total fees would amount to Rs 63,000.

Which Sub Registrar Office covers Sri Sai Baba Nagar?

The Gooduvancheri Sub Registrar Office covers Sri Sai Baba Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.