Guideline Value for Sri Sai Nagar

Sri Sai Nagar guideline value

The current guideline value of Sri Sai Nagar is Rs 350 per sq.ft, effective from 1 July 2024. This village falls under the Walajabad Sub Registrar Office (SRO) and is classified as Residential Class I Type - III.

How the guideline value of Sri Sai Nagar has changed

In the 2017 revision, the guideline value for Sri Sai Nagar was Rs 234 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 350 per sq.ft. With the upcoming 2024 revision, the guideline value will again be Rs 350 per sq.ft, showing no change from the previous year. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

Overall, the guideline value has increased by 50% from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2024. The change from 2017 to 2023 was also a 50% increase, while the value remained stable from 2023 to 2024.

Guideline values in Pazhayaseevaram -A

Pazhayaseevaram -A has 26 streets under the Walajabad SRO, with guideline values ranging from Rs 200 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, which is equal to the current value for Sri Sai Nagar.

• sriSRIARUNACHALACITY PHASE-IV: Rs 400 per sq.ft (2024)
• Sri Varadharaja Avenue: Rs 400 per sq.ft (2024)
• Sri Lakshmi Narasimmar Nagar: Rs 250 per sq.ft (2024)
• Sri Krishna Nagar: Rs 350 per sq.ft (2024)
• Sri Hari Avenue Ext - I: Rs 500 per sq.ft (2024)
• Sri Balaji Nagar: Rs 500 per sq.ft (2024)

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 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty is calculated at 7%, which equals Rs 24,500, and the registration fee is 2%, amounting to Rs 7,000. Together, the total fees would be Rs 31,500. 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 detailed calculations.

Which Sub Registrar Office covers Sri Sai Nagar?

Sri Sai Nagar is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pazhayaseevaram -A

The guideline value is a crucial factor during property registration in Pazhayaseevaram -A, as it determines the stamp duty and registration fees payable. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate the associated costs accurately.

When a property is sold, the guideline value serves as a benchmark for the transaction, influencing the overall costs involved in the sale process. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar?

The current guideline value of Sri Sai Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2024, representing a 50% increase. There were no changes recorded in the 2023 revision.

What are the guideline values for other streets in Pazhayaseevaram -A?

Other streets in Pazhayaseevaram -A have guideline values ranging from Rs 200 to Rs 500 per sq.ft, with a median value of Rs 350 per sq.ft, which is the same as Sri Sai Nagar's current guideline value.

What fees are associated with property registration in Sri Sai Nagar?

For a property valued at Rs 3,50,000, the stamp duty is Rs 24,500, and the registration fee is Rs 7,000, totaling Rs 31,500. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Sai Nagar?

The Walajabad Sub Registrar Office covers Sri Sai Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.