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Guideline Value

Corporate

Guideline Value for SATHIYA SAI NAGAR EXTN -3B

₹500/sq.ft.

The guideline value for Sathiya Sai Nagar Extn -3b in Kachadimangalam village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 500 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kachadimangalam

Village

Chengleput Joint II

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹500 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sathiya Sai Nagar Extn -3b

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Sathiya Sai Nagar Extn -3b guideline value

The current guideline value for Sathiya Sai Nagar Extn -3b is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Kachadimangalam village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Sathiya Sai Nagar Extn -3b has changed

The guideline value has undergone several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which increased to Rs 201 per sq.ft in 2017. From 2017 to 2023, there was a significant increase of 149%, bringing the value to Rs 500 per sq.ft. The 2023 revision maintained this value, and as of the 2024 revision, it remains at Rs 500 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 67%. The revisions reflect the changing valuation landscape in the area, with the most recent updates indicating stability in the guideline value over the last two years.

Guideline values in Kachadimangalam

In Kachadimangalam, there are seven streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 600 per sq.ft. The median value among these streets is Rs 500 per sq.ft, which is equal to the 2024 figure for Sathiya Sai Nagar Extn -3b.

Stamp duty and registration fee for property in Sathiya Sai Nagar Extn -3b

For a 1,000 sq.ft plot 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, bringing the total charges to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathiya Sai Nagar Extn -3b?

The Sathiya Sai Nagar Extn -3b area is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kachadimangalam. It serves as a reference point for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must consider the guideline value to ensure compliance with registration regulations. This value helps in assessing the financial obligations involved in the transaction, including the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Sathiya Sai Nagar Extn -3b?

The current guideline value of Sathiya Sai Nagar Extn -3b is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023 and 2024, reflecting an overall increase of 67% from 2012 to 2024.

What is the land classification for Sathiya Sai Nagar Extn -3b?

The land classification for Sathiya Sai Nagar Extn -3b is Residential Special Type - I.

What are the stamp duty rates applicable?

The stamp duty rate applicable for property transactions in Sathiya Sai Nagar Extn -3b is 7% of the guideline value or sale price, whichever is higher.

Which office handles the registration for Sathiya Sai Nagar Extn -3b?

The registration for Sathiya Sai Nagar Extn -3b is handled by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.