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Guideline Value

Corporate

Guideline Value for Sri Venkata Sai Nagar Extn

₹2201/sq.ft.

The guideline value for Sri Venkata Sai Nagar Extn in Puthagaram village (Ambattur SRO, Chennai zone) is Rs 2201 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puthagaram

Village

Ambattur

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹2201 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Venkata Sai Nagar Extn

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Sri Venkata Sai Nagar Extn guideline value

The current guideline value of Sri Venkata Sai Nagar Extn is Rs 2,201 per sq.ft, effective from 1 July 2024. This area is located in Puthagaram village under the Ambattur SRO, classified as Mixed Type - I land.

How the guideline value of Sri Venkata Sai Nagar Extn has changed

Over the years, the guideline value for Sri Venkata Sai Nagar Extn has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the current 2024 revision has further raised it to Rs 2,201 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

The changes between the revisions are significant. From 2017 to 2023, there was a 49% increase, and from 2023 to 2024, there was a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Puthagaram

In Puthagaram village, there are 140 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,200 to Rs 3,800 per sq.ft, with a median value of Rs 1,900 per sq.ft. The guideline value for Sri Venkata Sai Nagar Extn is above this median.

Stamp duty and registration fee for property in Sri Venkata Sai Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 2,201 per sq.ft, the total guideline value would be Rs 22,01,000. The stamp duty at 7% would amount to Rs 1,54,070, while the registration fee at 2% would be Rs 44,020. Together, the total cost would be Rs 1,98,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Venkata Sai Nagar Extn?

The Sri Venkata Sai Nagar Extn is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Puthagaram. It is the minimum value at which properties are registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees. Buyers and sellers must consider this value when negotiating sale prices to comply with legal requirements.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are transparent and adhere to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sri Venkata Sai Nagar Extn?

The current guideline value of Sri Venkata Sai Nagar Extn is Rs 2,201 per sq.ft, effective from 1 July 2024.

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 to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,201 per sq.ft in 2024.

What is the land classification of Sri Venkata Sai Nagar Extn?

Sri Venkata Sai Nagar Extn is classified as Mixed Type - I land, which indicates a mix of residential and commercial usage.

Which Sub Registrar Office covers this area?

The Ambattur Sub Registrar Office covers Sri Venkata Sai Nagar Extn, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Sri Venkata Sai Nagar Extn?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 22,01,000, the stamp duty would be 7% of this amount.