Guideline Value for SATHIYA SAI NAGAR

Sathiya Sai Nagar guideline value

The current guideline value of Sathiya Sai Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Kachadimangalam village under the Chengleput Joint II SRO and is classified as Residential Special Type - III.

How the guideline value of Sathiya Sai Nagar has changed

Over the years, the guideline value of Sathiya Sai Nagar has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, marking a 124% rise. The 2023 revision maintained this value, leading to no change from 2023 to 2024.

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 50%.

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. Sathiya Sai Nagar's 2024 figure of Rs 600 per sq.ft is above the median value of Rs 500 per sq.ft for the area.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sathiya Sai Nagar?

The Sub Registrar Office that covers Sathiya Sai Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 property transactions in Kachadimangalam. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the costs associated with property registration. Understanding this value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Sathiya Sai Nagar?

The current guideline value of Sathiya Sai Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023 and remained the same in 2024.

What are the other streets in Kachadimangalam?

Other streets in Kachadimangalam include Sathiya Sai Nagar Extn -3b, Sathiya Sai Nagar Extn I, Sathiya Sai Nagar Extn II, Sri Sathiya Sai Nagar Extn III, Pallava Farms, and Yogam Nagar, with varying guideline values.

What are the stamp duty and registration fees for property in Sathiya Sai Nagar?

The stamp duty is 7%, and the registration fee is 2% based on the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 54,000.

Where is the Sub Registrar Office for Sathiya Sai Nagar located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.