Guideline Value for SASTHRI NAGAR

Sasthri Nagar guideline value

The current guideline value of Sasthri Nagar is Rs 5,800 per sq.ft, effective from 1 July 2024. This area is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class I Type - I.

How the guideline value of Sasthri Nagar has changed

Over the years, the guideline value of Sasthri Nagar has seen significant changes. The earliest recorded figure is from 2002, when the guideline value was Rs 581 per sq.ft. This increased to Rs 638 per sq.ft in 2003, marking a 10% rise. The value then experienced a substantial increase to Rs 1,400 per sq.ft in 2007, which was a 119% jump. Following this, the value rose dramatically to Rs 5,300 per sq.ft in 2012, reflecting a 279% increase. However, the value decreased to Rs 3,551 per sq.ft in 2017, showing a decline of 33%. In 2023, the guideline value rose again to Rs 5,300 per sq.ft, and in 2024, it reached the current figure of Rs 5,800 per sq.ft, marking a 9% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2002 to 2024, the guideline value has increased by 898%. There are no other revisions recorded for this street in the register.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, which is equal to the guideline value of Sasthri Nagar.

• Sarguna Pandian Street: Rs 4,400 per sq.ft (2024)
• Sathyamurthy Street: Rs 4,400 per sq.ft (2024)
• Sathya Narayanan Lane: Rs 5,800 per sq.ft (2024)
• Sathya Narayanan Street: Rs 5,800 per sq.ft (2024)
• Sathyapuri Street: Rs 7,100 per sq.ft (2024)
• Sbi Officers Colony: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sasthri Nagar

For a 1,000 sq.ft plot at the current rate of Rs 5,800 per sq.ft, the guideline value amounts to Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, while the registration fee at 2% would be Rs 1,16,000. The total cost for these fees would be Rs 5,22,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sasthri Nagar?

The Sub Registrar Office that covers Sasthri Nagar is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Puliyur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with regulatory requirements during the sale or purchase of property.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government, reflecting the official value of the property in question.

Frequently asked questions

What is the current guideline value of Sasthri Nagar?

The current guideline value of Sasthri Nagar is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 581 per sq.ft in 2002 to Rs 5,800 per sq.ft in 2024, reflecting an overall increase of 898% over the years.

What is the role of the guideline value in property transactions?

The guideline value serves as a benchmark for the minimum price at which a property can be registered. It is used to calculate stamp duty and registration fees during property transactions.

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

The Sub Registrar Office for Sasthri Nagar is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What are the other streets in Puliyur with their guideline values?

Other streets in Puliyur include Sarguna Pandian Street and Sathyamurthy Street, both valued at Rs 4,400 per sq.ft, as well as Sathya Narayanan Lane and Sathya Narayanan Street, both at Rs 5,800 per sq.ft.