Guideline Value for SAGADEVAREDDY NAGAR

Sagadevareddy Nagar guideline value

The current guideline value of Sagadevareddy Nagar is Rs 300 per sq.ft, as per the 2023 revision. This area falls under Thozhuvur village and is classified as Residential Class III Type - II. The relevant Sub Registrar Office for this region is the Tiruvallur Joint 1 SRO.

How the guideline value of Sagadevareddy Nagar has changed

In the 2012 revision, the guideline value was Rs 300 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the guideline value increased to Rs 300 per sq.ft again, resulting in a 49% increase from the 2017 figure. Overall, from 2012 to 2023, the guideline value has remained the same.

The register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street. Therefore, we focus on the revisions from 2012, 2017, and 2023 to understand the changes in guideline value.

Guideline values in Thozhuvur

No specific village figures are provided for Thozhuvur. Sagadevareddy Nagar is part of the Thozhuvur area under the Tiruvallur Joint 1 SRO. There are no other streets in Thozhuvur listed.

Stamp duty and registration fee for property in Sagadevareddy Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty, charged at 7%, would be Rs 21,000, while the registration fee at 2% would total Rs 6,000. Thus, the total cost for stamp duty and registration fee would be Rs 27,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sagadevareddy Nagar?

The Sub Registrar Office that covers Sagadevareddy Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration process of property transactions in Thozhuvur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are based on a standardized value.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers should be aware that the stamp duty and registration fees will be calculated based on the higher of the guideline value or the sale price, which may affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sagadevareddy Nagar?

The current guideline value of Sagadevareddy Nagar is Rs 300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a decrease from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, followed by an increase back to Rs 300 per sq.ft in 2023. Overall, the value has remained the same from 2012 to 2023.

What are the stamp duty and registration fees for property in Sagadevareddy Nagar?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, making the total Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Sagadevareddy Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Sagadevareddy Nagar. It is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

Are there any other streets in Thozhuvur with guideline values?

No specific figures for other streets in Thozhuvur are provided. Sagadevareddy Nagar is the only street mentioned under the Tiruvallur Joint 1 SRO.