Guideline Value for SAI SATHYANARAYANA GARDEN

Sai Sathyanarayana Garden guideline value

The current guideline value of Sai Sathyanarayana Garden is Rs 103 per sq.ft, effective from 1 July 2024. This property is located in Neelamangalam village and falls under the Madurandakam Sub Registrar Office (SRO) with a land classification of Residential Special Type - I.

How the guideline value of Sai Sathyanarayana Garden has changed

The guideline value for Sai Sathyanarayana Garden has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 100 per sq.ft. This was followed by a decrease to Rs 67 per sq.ft in the 2017 revision. In 2023, the value increased to Rs 100 per sq.ft, and as of the latest revision in 2024, it stands at Rs 103 per sq.ft.

Between these revisions, there have been notable changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 reflects a modest increase of 3%.

Guideline values in Neelamangalam

In addition to Sai Sathyanarayana Garden, there are other streets in Neelamangalam under the Madurandakam SRO. The guideline values for these streets are as follows:

• Anna Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Sathyanarayana Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value would be Rs 1,03,000. The stamp duty at 7% would amount to Rs 7,210, and the registration fee at 2% would be Rs 2,060, bringing the total to Rs 9,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sai Sathyanarayana Garden?

The Sai Sathyanarayana Garden is covered by the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Neelamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sai Sathyanarayana Garden?

The current guideline value of Sai Sathyanarayana Garden is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and is now Rs 103 per sq.ft in 2024.

What is the land classification of Sai Sathyanarayana Garden?

The land classification for Sai Sathyanarayana Garden is Residential Special Type - I.

What are the stamp duty and registration fees for a property in Sai Sathyanarayana Garden?

For a property valued at Rs 1,03,000, the stamp duty would be Rs 7,210 and the registration fee would be Rs 2,060, totaling Rs 9,270.

Which Sub Registrar Office covers Sai Sathyanarayana Garden?

The Madurandakam Sub Registrar Office covers Sai Sathyanarayana Garden, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.