Guideline Value for SAPTHAGIRI NAGAR

Sapthagiri Nagar guideline value

The current guideline value of Sapthagiri Nagar, located in Neelamangalam village, is Rs 500 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Gooduvancheri SRO and is classified as Residential Class I Type - I.

How the guideline value of Sapthagiri Nagar has changed

The guideline value for Sapthagiri Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the rate at Rs 500 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 335 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Neelamangalam

In Neelamangalam, there are 41 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 600 per sq.ft. Sapthagiri Nagar's 2024 figure is below this median.

• Sapthagiri Nagar (Extn): Rs 500 per sq.ft (2024)
• Sakthi Vilas: Rs 600 per sq.ft (2024)
• Senthil Nagar: Rs 500 per sq.ft (2024)
• Senthil Nagar-II: Rs 400 per sq.ft (2024)
• Soundarapandian Nagar Extn: Rs 500 per sq.ft (2024)
• Sri Balaji Avenue (II & III): Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sapthagiri Nagar

For a property measuring 1,000 sq.ft at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sapthagiri Nagar?

Sapthagiri Nagar is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, 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 is a crucial factor during the registration of property transactions in Neelamangalam. It serves as a benchmark for calculating the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is used to determine the official value of the property, which may affect the overall costs involved in the transaction. Buyers and sellers should be aware of the current guideline value to ensure accurate financial planning during property dealings.

Frequently asked questions

What is the current guideline value of Sapthagiri Nagar?

The current guideline value of Sapthagiri Nagar is Rs 500 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2023 to 2024, while it increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, marking a 49% increase over that period.

Are there any years with no guideline value for Sapthagiri Nagar?

Yes, the register has no figures for the years 2002, 2003, 2007, and 2012 for Sapthagiri Nagar.

What other streets have guideline values in Neelamangalam?

Other streets in Neelamangalam include Sapthagiri Nagar (Extn), Sakthi Vilas, Senthil Nagar, Senthil Nagar-II, Soundarapandian Nagar Extn, and Sri Balaji Avenue (II & III), each with their respective guideline values for 2024.

Where can I find the Sub Registrar Office for Sapthagiri Nagar?

The Gooduvancheri Sub Registrar Office covers Sapthagiri Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.