Guideline Value for SATHIYA SAI NAGAR EXTN I

Sathiya Sai Nagar Extn I guideline value

The current guideline value of Sathiya Sai Nagar Extn I is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Kachadimangalam village under the Chengleput Joint II SRO, classified as Residential Special Type - I.

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

The guideline value for Sathiya Sai Nagar Extn I has remained consistent at Rs 500 per sq.ft since the 2023 revision, with no change in value from the previous year. The register has no figures for this street for the years 2002, 2003, 2007, 2012, and 2017.

In the 2024 revision, the guideline value was set at Rs 500 per sq.ft, reflecting a 0% change from the 2023 revision, which also had the same value. Thus, the guideline value has not fluctuated in recent years.

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, with the median being Rs 500 per sq.ft. Sathiya Sai Nagar Extn I's 2024 figure aligns with this median.

• Sathiya Sai Nagar Extn -3b: Rs 500 per sq.ft (2024)
• Sathiya Sai Nagar Extn II: 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 I

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the 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, totaling Rs 45,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathiya Sai Nagar Extn I?

The Sathiya Sai Nagar Extn I falls under 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 during the registration process of property transactions in Kachadimangalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When you register a property, the guideline value is assessed, and the applicable fees are calculated based on this value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sathiya Sai Nagar Extn I?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since the 2023 revision, showing no change from the previous year. The register has no figures for this street for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Sathiya Sai Nagar Extn I?

Sathiya Sai Nagar Extn I is classified as Residential Special Type - I, which is important for understanding its usage and development potential.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Sathiya Sai Nagar Extn I?

Stamp duty for properties in Sathiya Sai Nagar Extn I is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 500 per sq.ft would incur a total stamp duty and registration fee of Rs 45,000.