Guideline Value for Sri Sai Baba Nagar

Sri Sai Baba Nagar guideline value

The current guideline value of Sri Sai Baba Nagar is Rs 800 per sq.ft. This area is located in Rathinamangalam village and falls under the Gooduvancheri SRO. The land classification for this locality is Residential Class I Type - I.

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. In 2007, the guideline value was Rs 231 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision, marking an increase of 246%. However, in the 2017 revision, the value decreased to Rs 536 per sq.ft, a drop of 33%. The most recent revision in 2023 saw the guideline value rise again to Rs 800 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from 2007 to 2023, the guideline value has increased by 246%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Rathinamangalam

Currently, there are no specific village figures available for Rathinamangalam. The guideline value for Sri Sai Baba Nagar is Rs 800 per sq.ft. Unfortunately, there are no other streets in Rathinamangalam under the Gooduvancheri SRO that have been provided.

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

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Sri Sai Baba Nagar?

The Sub Registrar Office that covers Sri Sai Baba Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Rathinamangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers must ensure that they are aware of the current guideline value to avoid any discrepancies during the registration process.

When a property is sold, the guideline value is compared to the sale price to determine the applicable duties. The higher of the two values will be used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

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 800 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 231 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and finally returned to Rs 800 per sq.ft in 2023.

What is the registration fee for property in Sri Sai Baba Nagar?

The registration fee for property in Sri Sai Baba Nagar is calculated based on the guideline value or sale price, whichever is higher. For example, a property valued at Rs 8,00,000 would incur a registration fee of Rs 16,000 at 2%.

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, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sri Sai Baba Nagar?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For instance, if a property has a guideline value of Rs 8,00,000, the stamp duty would be Rs 56,000.