Guideline Value for SASTAA NAGAR

Sastaa Nagar guideline value

The current guideline value of Sastaa Nagar is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in the Thiruninravur-A village, under the Avadi Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - III.

How the guideline value of Sastaa Nagar has changed

The guideline value of Sastaa Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 750 per sq.ft, which is an increase from Rs 700 per sq.ft in the 2023 revision, marking a change of +7%. Prior to that, in the 2017 revision, the value was Rs 469 per sq.ft, which means there was a significant increase of +49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has risen by +60%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The revisions available are from 2017, 2023, and 2024.

Guideline values in Thiruninravur-A

In the Thiruninravur-A village, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which aligns with the current guideline value of Sastaa Nagar.

• Sastha Nagar Annexe - I: Rs 770 per sq.ft (2024)
• Sarathi Nagar: Rs 750 per sq.ft (2024)
• Saraswathi Nagar & Streets & Extn: Rs 750 per sq.ft (2024)
• Sandiya Street: Rs 440 per sq.ft (2024)
• Sambangi Nagar & Streets: Rs 840 per sq.ft (2024)
• Selvaraj Nagar & Streets: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Sastaa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on the costs involved.

Which Sub Registrar Office covers Sastaa Nagar?

The Sub Registrar Office that covers Sastaa Nagar is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for additional information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value plays a crucial role in property transactions in Thiruninravur-A. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable fees, ensuring that both parties are treated fairly during the transaction.

Frequently asked questions

What is the current guideline value of Sastaa Nagar?

The current guideline value of Sastaa Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 7%. Overall, from 2017 to 2024, the increase is 60%.

What is the land classification for Sastaa Nagar?

The land classification for Sastaa Nagar is Residential Class II Type - III.

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

The Avadi Sub Registrar Office covers Sastaa Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Sastaa Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 7,50,000 would incur a stamp duty of Rs 52,500 at 7%.