Guideline Value for SASI NAGAR

Sasi Nagar guideline value

The current guideline value of Sasi Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under Eprampuram village and is registered with the Ponneri Sub Registrar Office. The land classification for Sasi Nagar is Residential Class II Type - I.

How the guideline value of Sasi Nagar has changed

Over the years, the guideline value of Sasi Nagar has experienced several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 100 per sq.ft. However, the 2017 revision marked a decrease to Rs 67 per sq.ft, reflecting a -33% change from the previous value. The most significant increase occurred between the 2017 and 2023 revisions, with a rise of 49%.

As of the 2024 revision, the guideline value has been maintained at Rs 100 per sq.ft, resulting in an overall change of +0% from 2012 to 2024. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Eprampuram

Currently, there are no specific village figures available for Eprampuram. Sasi Nagar is one of the streets under the Ponneri SRO.

Stamp duty and registration fee for property in Sasi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sasi Nagar?

The Sub Registrar Office that covers Sasi Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Eprampuram. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are compliant with local regulations.

It is important for buyers and sellers to be aware of the current guideline value as it directly impacts the financial aspects of the transaction. Proper understanding of these values can help in making informed decisions during the property registration process.

Frequently asked questions

What is the current guideline value of Sasi Nagar?

The current guideline value of Sasi Nagar is Rs 100 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, and then back to Rs 100 per sq.ft in 2023 and 2024. The most notable change was a 49% increase from 2017 to 2023.

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

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000. This is based on the current guideline value.

Which Sub Registrar Office covers Sasi Nagar?

The Ponneri Sub Registrar Office covers Sasi Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that the financial aspects of buying or selling property are accurately assessed and comply with local regulations.