Guideline Value for Sri Sai Nagar Part-II

Sri Sai Nagar Part-II guideline value

The current guideline value of Sri Sai Nagar Part-II is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Siruvanchur village and falls under the Gooduvancheri SRO, classified as Residential Special Type - II.

How the guideline value of Sri Sai Nagar Part-II has changed

Over the years, the guideline value for Sri Sai Nagar Part-II has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 400 per sq.ft. The 2017 revision had a lower value of Rs 268 per sq.ft, reflecting a decrease of 33% from the 2012 figure. The most significant change occurred from 2017 to 2023, where the value increased by 49% back to Rs 400 per sq.ft.

In the latest revision effective from 1 July 2024, the guideline value remains unchanged at Rs 400 per sq.ft, indicating a 0% change from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Siruvanchur

In Siruvanchur village, eight streets under the Gooduvancheri SRO have a guideline value of Rs 400 per sq.ft for 2024, with the median also at Rs 400 per sq.ft. Sri Sai Nagar Part-II's 2024 figure aligns with this median.

• Sri Sai Nagar Part-I: Rs 400 per sq.ft (2024)
• Sri Sai Nagar: Rs 400 per sq.ft (2024)
• Maniyammai Nagar Ist Avenue: Rs 400 per sq.ft (2024)
• Maniyammai Nagar: Rs 400 per sq.ft (2024)
• Lake View: Rs 400 per sq.ft (2024)
• Kannaiya Nagar Phase-I: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sai Nagar Part-II

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to 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 Nagar Part-II?

The Sub Registrar Office covering Sri Sai Nagar Part-II is 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 Siruvanchur

The guideline value is a crucial factor in the registration process of property transactions in Siruvanchur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When you register a property, the authorities will consider the guideline value to calculate the necessary fees. This ensures that the transaction is documented at a value that reflects the official rates set by the government.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar Part-II?

The current guideline value of Sri Sai Nagar Part-II is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since 2012, with a notable drop to Rs 268 per sq.ft in 2017. However, it increased back to Rs 400 per sq.ft in both the 2023 and 2024 revisions.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles property registrations in Sri Sai Nagar Part-II?

The Gooduvancheri Sub Registrar Office is responsible for property registrations in Sri Sai Nagar Part-II.

What is the land classification for Sri Sai Nagar Part-II?

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