Guideline Value for SATHIYASAI NAGAR (N)

Sathiyasai Nagar (N) guideline value

The current guideline value of Sathiyasai Nagar (N) is Rs 661 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.

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

Over the years, the guideline value of Sathiyasai Nagar (N) has undergone several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft. The 2023 revision saw a significant increase to Rs 600 per sq.ft, followed by a further rise to Rs 661 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Sathiyasai Nagar (N) below this median.

• Satamangalam Erikarai Street (Ward -15): Rs 550 per sq.ft (2024)
• Sathyasai Nagar (Ward -15): Rs 661 per sq.ft (2024)
• Sathyasai Sababathi Nagar (Ward -15): Rs 550 per sq.ft (2024)
• Sathya Suriya Garden (Ward -7): Rs 1,320 per sq.ft (2024)
• Sattamangalam Perumal Koil St (Ward -15): Rs 550 per sq.ft (2024)
• Sattamangalam (Ward -15): Rs 550 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 661 per sq.ft, the total guideline value amounts to Rs 6,61,000. The stamp duty at 7% would be Rs 46,270, and the registration fee at 2% would be Rs 13,220, bringing the total fees to Rs 59,490. 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 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, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Peramanoor, the guideline value plays a crucial role during the registration process. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately according to government regulations.

The guideline value is set by the Registration Department and reflects the minimum value at which properties can be registered. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, but the higher amount will be used for calculating the applicable fees.

Frequently asked questions

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

The current guideline value of Sathiyasai Nagar (N) is Rs 661 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 increased to Rs 600 per sq.ft in 2023, and finally to Rs 661 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.

How does the guideline value compare to other streets in Peramanoor?

The guideline value of Rs 661 per sq.ft for Sathiyasai Nagar (N) is below the median value of Rs 1,100 per sq.ft for the 430 streets in Peramanoor under the Chengleput Joint II SRO.

Where can I find the Sub Registrar Office for Sathiyasai Nagar (N)?

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