Guideline Value for SATHIYASAI NAGAR (N)

Sathiyasai Nagar (N) guideline value

The current guideline value of Sathiyasai Nagar (N) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

How the guideline value of Sathiyasai Nagar (N) has changed

The guideline value for Sathiyasai Nagar (N) has seen several revisions over the years. The 2012 revision set the guideline value at Rs 600 per sq.ft, which was later reduced to Rs 402 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and the current 2024 revision has further increased it to Rs 660 per sq.ft.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased significantly by 49%. The overall change from 2012 to 2024 is a modest increase of 10%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value among these streets is Rs 990 per sq.ft, placing Sathiyasai Nagar (N) below the median at Rs 660 per sq.ft.

• Satamangalam Erikarai Street (Ward -15): Rs 440 per sq.ft (2024)
• Sathyasai Nagar (Ward -15): Rs 660 per sq.ft (2024)
• Sathyasai Sababathi Nagar (Ward -15): Rs 440 per sq.ft (2024)
• Sathya Suriya Garden (Ward -7): Rs 1,320 per sq.ft (2024)
• Sattamangalam Perumal Koil St (Ward -15): Rs 440 per sq.ft (2024)
• Sattamangalam (Ward -15): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Sathiyasai Nagar (N)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Sathiyasai Nagar (N)?

The Sub Registrar Office that covers Sathiyasai Nagar (N) is 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 Panangottur

The guideline value is a crucial factor when buying or selling property in Panangottur. It serves as a benchmark for determining the registration fees and stamp duty that need to be paid during the transaction. This ensures that the property is valued appropriately based on the current market standards set by the registration department.

When a buyer or seller engages in a property transaction, the guideline value helps in calculating the financial obligations associated with the registration process. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Sathiyasai Nagar (N)?

The current guideline value of Sathiyasai Nagar (N) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Sathiyasai Nagar (N)?

Sathiyasai Nagar (N) is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions in Sathiyasai Nagar (N)?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For instance, a 1,000 sq.ft plot would incur a total fee of Rs 59,400 based on the current guideline value.

Which office handles property registrations in Sathiyasai Nagar (N)?

The Chengleput Joint II Sub Registrar Office handles property registrations for Sathiyasai Nagar (N), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.