Guideline Value

Corporate

Guideline Value for shiridi sai nagar

₹2740/sq.ft.

The guideline value for Shiridi Sai Nagar in Poonthamallee village (Poonamallee SRO, Chennai zone) is Rs 2740 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Poonthamallee

Village

Poonamallee

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2740 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
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)

No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056
044-26494966
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Shiridi Sai Nagar

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Shiridi Sai Nagar guideline value

The current guideline value of Shiridi Sai Nagar is Rs 2,740 per sq.ft, effective from 1 July 2024. This area is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class I Type - I.

How the guideline value of Shiridi Sai Nagar has changed

The guideline value for Shiridi Sai Nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, where it was set at Rs 300 per sq.ft. This value saw a significant increase to Rs 2,500 per sq.ft in 2012, marking a rise of 733%. However, the value dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33%. The most recent revisions show a steady increase, with the value rising to Rs 2,500 per sq.ft in 2023 and further to Rs 2,740 per sq.ft in 2024, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 813%.

Guideline values in Poonthamallee

In Poonthamallee village, there are 257 streets under the Poonamallee SRO that carry a guideline value for 2024, ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing the 2024 figure for Shiridi Sai Nagar above this median.

Stamp duty and registration fee for property in Shiridi Sai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,740 per sq.ft, the total guideline value would be Rs 27,40,000. The stamp duty at 7% would amount to Rs 1,91,800, while the registration fee at 2% would be Rs 54,800, bringing the total fees together to Rs 2,46,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Shiridi Sai Nagar?

The Sub Registrar Office that covers Shiridi Sai Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO for more details.

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

The guideline value is a crucial component in the registration process when buying or selling property in Poonthamallee. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

When a property is registered, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the higher value between the guideline value and the sale price. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Shiridi Sai Nagar?

The current guideline value of Shiridi Sai Nagar is Rs 2,740 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 2,740 per sq.ft in 2024, reflecting an overall increase of 813% over the years.

What is the land classification of Shiridi Sai Nagar?

Shiridi Sai Nagar is classified as Residential Class I Type - I.

Where can I find the Poonamallee Sub Registrar Office?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

How is the stamp duty calculated for properties in Shiridi Sai Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, for a property valued at Rs 27,40,000, the stamp duty at 7% would be Rs 1,91,800.