Guideline Value for Sri Sai Nagar Ext

Sri Sai Nagar Ext guideline value

The current guideline value of Sri Sai Nagar Ext, located in Tambaram village under the Tambaram Joint 1 SRO, is Rs 2,200 per sq.ft as per the 2024 revision. The land classification for this area is Residential Class I Type - II.

How the guideline value of Sri Sai Nagar Ext has changed

The guideline value for Sri Sai Nagar Ext has seen several revisions over the years. In 2012, the value was set at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and then to Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 10%. The revision figures for the years 2002, 2003, and 2007 are not available for this street.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Sri Sai Nagar Ext is below this median.

• Sri Sai Nagar Extension Vishwak Garden: Rs 3,800 per sq.ft (2024)
• Sri Sai Nagar: Rs 3,300 per sq.ft (2024)
• Sri Sakthi nagar: Rs 2,200 per sq.ft (2024)
• Sriram Nagar South: Rs 3,300 per sq.ft (2024)
• Sriram Nagar 2nd Main Road: Rs 3,300 per sq.ft (2024)
• Sriram Nagar 1st Main Road: Rs 3,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, leading to a total of Rs 1,98,000. 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 more details.

Which Sub Registrar Office covers Sri Sai Nagar Ext?

The Sub Registrar Office that covers Sri Sai Nagar Ext is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Tambaram. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, it is essential to consider the guideline value, as it influences the overall cost of the transaction. Buyers should be aware that the stamp duty is calculated on the higher of the guideline value or the sale price, which can significantly impact the total expenses incurred during the purchase.

Frequently asked questions

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

The current guideline value of Sri Sai Nagar Ext is Rs 2,200 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Sri Sai Nagar Ext?

Sri Sai Nagar Ext is classified as Residential Class I Type - II.

What is the stamp duty rate for properties in Sri Sai Nagar Ext?

The stamp duty rate for properties in Sri Sai Nagar Ext is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Sai Nagar Ext located?

The Sub Registrar Office for Sri Sai Nagar Ext is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.