Guideline Value for Sri Sainathapuram

Sri Sainathapuram guideline value

The current guideline value of Sri Sainathapuram is Rs 1,000 per sq.ft, effective from 1 July 2024. This locality is situated in Kalvai village, under the Thiruporur SRO, and is classified as Residential Special Type - IV.

How the guideline value of Sri Sainathapuram has changed

Since the 2017 revision, the guideline value for Sri Sainathapuram has remained consistent. The 2017 revision recorded a guideline value of Rs 1,000 per sq.ft, which was unchanged in the subsequent 2023 revision. The latest revision in 2024 also maintains this figure at Rs 1,000 per sq.ft, indicating no percentage change across these years.

For the years prior to 2017, the register has no figures for the years 2002, 2003, 2007, and 2012. Therefore, the only revisions with recorded figures are from 2017, 2023, and 2024, all at Rs 1,000 per sq.ft.

Guideline values in Kalvai

In Kalvai village, there are 31 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The guideline value for Sri Sainathapuram aligns with the median value of Rs 1,000 per sq.ft for the area.

• Sri Sai Baba Nagar: Rs 600 per sq.ft (2024)
• Sri Sathiya Sai Nagar: Rs 400 per sq.ft (2024)
• Sri Vengadeshwara Nagar: Rs 400 per sq.ft (2024)
• Sri PRAGALATH NAGAR: Rs 1,493 per sq.ft (2024)
• Sri Yohan City: Rs 600 per sq.ft (2024)
• Sri Krishna Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sainathapuram

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

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sainathapuram?

The Sub Registrar Office that covers Sri Sainathapuram is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kalvai. It is used to determine the stamp duty and registration fees that must be paid at the time of property registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Sainathapuram?

The current guideline value of Sri Sainathapuram is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Sainathapuram has remained at Rs 1,000 per sq.ft since the 2017 revision, with no changes noted in the 2023 and 2024 revisions.

What is the land classification for Sri Sainathapuram?

Sri Sainathapuram is classified as Residential Special Type - IV, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for a property in Sri Sainathapuram?

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.

Where is the Sub Registrar Office for Sri Sainathapuram located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.