Guideline Value for SATHIYA SAI NAGAR EXTN II

Sathiya Sai Nagar Extn II guideline value

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

How the guideline value of Sathiya Sai Nagar Extn II has changed

According to the guideline value register, there are no figures available for Sathiya Sai Nagar Extn II for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 500 per sq.ft, which remained unchanged in the 2024 revision, indicating a 0% change between these two years.

The current guideline value of Rs 500 per sq.ft, effective from 1 July 2024, is consistent with the previous year's figure, reflecting stability in the valuation for this street.

Guideline values in Kachadimangalam

In Kachadimangalam, there are 7 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 guideline value for these streets is Rs 500 per sq.ft, placing Sathiya Sai Nagar Extn II at the median value.

• Sathiya Sai Nagar Extn I: Rs 500 per sq.ft (2024)
• Sathiya Sai Nagar Extn -3b: Rs 500 per sq.ft (2024)
• Sathiya Sai Nagar: Rs 600 per sq.ft (2024)
• Sri Sathiya Sai Nagar Extn III: Rs 500 per sq.ft (2024)
• Pallava Farms: Rs 200 per sq.ft (2024)
• Yogam Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sathiya Sai Nagar Extn II

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sathiya Sai Nagar Extn II?

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

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

The guideline value is an important benchmark used during the registration process when buying or selling property in Kachadimangalam. It helps determine the stamp duty and registration fees payable, ensuring that these costs are calculated based on the established rates.

When a property transaction occurs, the guideline value is compared with the sale price, and the higher of the two figures is used to calculate the stamp duty. This ensures that the fees reflect the true value of the property being registered.

Frequently asked questions

What is the current guideline value for Sathiya Sai Nagar Extn II?

The current guideline value for Sathiya Sai Nagar Extn II is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures available for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 500 per sq.ft in both the 2023 and 2024 revisions, indicating no change.

What is the median guideline value in Kachadimangalam?

The median guideline value in Kachadimangalam is Rs 500 per sq.ft, which is also the current guideline value for Sathiya Sai Nagar Extn II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000. The duty is charged on the higher of the guideline value or the sale price.

Which office handles the registration for Sathiya Sai Nagar Extn II?

The Chengleput Joint II Sub Registrar Office handles registrations for Sathiya Sai Nagar Extn II, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.