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Guideline Value

Corporate

Guideline Value for Sri Sai City Phase-IV

₹1980/sq.ft.

The guideline value for Sri Sai City Phase-iv in Pazhanthandalam village (Padappai SRO, Chennai zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pazhanthandalam

Village

Padappai

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 City Phase-iv

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Sri Sai City Phase-IV guideline value

The current guideline value for Sri Sai City Phase-IV is Rs 1,980 per sq.ft, effective from 1 July 2024. This property is located in Pazhanthandalam village, under the Padappai SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Sri Sai City Phase-IV has changed

Over the years, the guideline value for Sri Sai City Phase-IV has undergone several revisions. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, which reflects an increase from Rs 1,800 per sq.ft in the 2023 revision. This marks a change of +10% from the previous year.

Prior to the 2023 revision, the register has no figure for this street from the years 2017, 2012, 2007, 2003, and 2002. The last known figure before 2023 was Rs 1,800 per sq.ft, indicating a steady increase in the guideline value over the years.

Guideline values in Pazhanthandalam

Pazhanthandalam village has a total of 57 streets under the Padappai SRO, with the 2024 guideline values ranging from Rs 440 to Rs 1,980 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Sri Sai City Phase-IV above this median.

Stamp duty and registration fee for property in Sri Sai City Phase-IV

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. Please note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Sai City Phase-IV?

The Sub Registrar Office that covers Sri Sai City Phase-IV is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Pazhanthandalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When a buyer or seller approaches the Sub Registrar Office, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value for Sri Sai City Phase-IV?

The current guideline value for Sri Sai City Phase-IV is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024, marking a 10% increase. There are no figures available for the revisions from the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Pazhanthandalam?

The median guideline value in Pazhanthandalam is Rs 1,100 per sq.ft. Sri Sai City Phase-IV's guideline value is above this median.

What are the stamp duty and registration fees for properties in Sri Sai City Phase-IV?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200. Duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Sri Sai City Phase-IV?

The Padappai Sub Registrar Office covers Sri Sai City Phase-IV and is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.