Guideline Value

Corporate

Guideline Value for Sri Sai Baba Nagar

₹1075/sq.ft.

The guideline value for Sri Sai Baba Nagar in Sekkadu village (Avadi SRO, Chennai zone) is Rs 1075 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sekkadu

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1075 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Sai Baba Nagar

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Sri Sai Baba Nagar guideline value

The current guideline value of Sri Sai Baba Nagar is Rs 1,075 per sq.ft, effective from 1 July 2024. This area is located in Sekkadu village and falls under the Avadi Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - II.

How the guideline value of Sri Sai Baba Nagar has changed

Over the years, the guideline value of Sri Sai Baba Nagar has seen several revisions. The 2012 revision set the guideline value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 1,075 per sq.ft, reflecting an 8% increase 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. Thus, the only revisions we have are from 2012, 2017, 2023, and 2024.

Guideline values in Sekkadu

In Sekkadu, there are 56 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 930 to Rs 4,800 per sq.ft. The median guideline value in this area is Rs 1,320 per sq.ft, indicating that the guideline value of Sri Sai Baba Nagar is below this median.

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 1,075 per sq.ft, the total guideline value amounts to Rs 10,75,000. The stamp duty is charged at 7%, totaling Rs 75,250, while the registration fee is 2%, amounting to Rs 21,500. Together, the total cost for stamp duty and registration fee is Rs 96,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use this stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Sai Baba Nagar?

Sri Sai Baba Nagar is covered by the Avadi Sub Registrar Office. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sekkadu. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a buyer or seller approaches the Sub Registrar Office for registration, the guideline value helps ensure that the property is valued appropriately for tax purposes. This value is periodically revised to reflect changes in the real estate market and local conditions.

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 1,075 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,075 per sq.ft in 2024.

What is the median guideline value in Sekkadu?

The median guideline value in Sekkadu is Rs 1,320 per sq.ft, which is higher than the current value of Sri Sai Baba Nagar.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fee amounts to Rs 96,750.

Which office handles property registration for Sri Sai Baba Nagar?

The Avadi Sub Registrar Office handles property registration for Sri Sai Baba Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.