Guideline Value for Sri Sai Nagar

Sri Sai Nagar guideline value

The current guideline value of Sri Sai Nagar is Rs 1,000 per sq.ft, as per the 2023 revision. This area is located in Ponmar village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Sri Sai Nagar has changed

In the 2012 revision, the guideline value was Rs 1,000 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft, marking a drop of 33%. However, in the 2023 revision, the guideline value increased to Rs 1,000 per sq.ft, representing a significant increase of 49% from the 2017 figure.

Overall, from 2012 to 2023, the guideline value has remained unchanged at Rs 1,000 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Ponmar

Currently, there are no specific village figures provided for Ponmar. Sri Sai Nagar is part of the Gooduvancheri SRO, which does not list any other streets in Ponmar.

Stamp duty and registration fee for property in Sri Sai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total cost Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Sai Nagar?

The Sub Registrar Office that covers Sri Sai Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor when registering property in Ponmar, as it determines the stamp duty and registration fees payable. Buyers and sellers must consider this value to ensure compliance with local regulations during property transactions.

When a property is sold, the registration office uses the guideline value to calculate the applicable duties. This ensures that all transactions are fairly assessed based on the established rates for the area.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar?

The current guideline value of Sri Sai Nagar is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, and then back to Rs 1,000 per sq.ft in 2023. Overall, there has been no change from 2012 to 2023.

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

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are calculated based on the guideline value or sale price, whichever is higher.

Which office handles property registrations in Sri Sai Nagar?

The Gooduvancheri Sub Registrar Office handles property registrations for Sri Sai Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there other streets listed under the Gooduvancheri SRO?

Currently, there are no other streets listed under the Gooduvancheri SRO in Ponmar. Sri Sai Nagar is the only street mentioned.