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 area is located in Sattamangalam 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

The guideline value for Sathiyasai Nagar (N) has undergone several revisions over the years. 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, reflecting a drop of 33%. The value then increased to Rs 600 per sq.ft in 2023, and subsequently rose to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figure for this street in the revisions of 2002, 2003, and 2007.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value per sq.ft for Sathiyasai Nagar (N).

Guideline values in Sattamangalam

In Sattamangalam village, there are 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, and Sathiyasai Nagar (N) is below this median value.

• 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 amounts to Rs 6,60,000. The stamp duty, charged at 7%, would be Rs 46,200, and the registration fee at 2% would be Rs 13,200. Together, the total fees would amount 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 use the stamp duty and registration fee calculator for further calculations.

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 Sattamangalam

The guideline value is a critical factor when buying or selling property in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the property registration process. Buyers and sellers must be aware that the guideline value can influence the overall transaction costs.

When a property is registered, the guideline value is used to calculate the applicable fees. This ensures that both buyers and sellers are aware of the financial implications of their property transactions, as the fees are calculated based on the guideline value or the sale price, whichever is higher.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 6,60,000. The stamp duty is Rs 46,200, and the registration fee is Rs 13,200, totaling Rs 59,400.

Which Sub Registrar Office covers Sathiyasai Nagar (N)?

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

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

The land classification for Sathiyasai Nagar (N) is Residential Class I Type - III.