Guideline Value for SATHYA NAGAR

Sathya Nagar guideline value

The current guideline value of Sathya Nagar, located in Orakadamagadevimangalam village, is Rs 103 per sq.ft. This value is effective from the 2024 revision, which is managed by the Sunguvarchattram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sathya Nagar has changed

The guideline value for Sathya Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 103 per sq.ft, an increase from the 2023 revision, which was Rs 100 per sq.ft. This reflects a change of +3% between the 2023 and 2024 revisions. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, there were no figures available for Sathya Nagar in the register. The guideline values for this street have remained consistent with the current median of Rs 103 per sq.ft for the 2024 revision, aligning it with the overall trend observed in the village.

Guideline values in Orakadamagadevimangalam

In Orakadamagadevimangalam, there are 12 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 101 to Rs 300 per sq.ft, with a median of Rs 103 per sq.ft. Sathya Nagar's 2024 figure is equal to this median. Below are the guideline values for other streets in Orakadamagadevimangalam:

• Santhi Sri Nagar: Rs 300 per sq.ft (2024)
• R.M.K.Nandhavanam: Rs 103 per sq.ft (2024)
• Sri Krishna Nagar: Rs 103 per sq.ft (2024)
• Srinivasa Avenue: Rs 103 per sq.ft (2024)
• Sri Sai Nagar: Rs 102 per sq.ft (2024)
• Sri Vaithamanidhi Nagar: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Sathya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value amounts to Rs 1,03,000. The stamp duty, charged at 7%, would be Rs 7,210, while the registration fee at 2% would be Rs 2,060. The total cost for these fees would be Rs 9,270. It is important to note that 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 Sathya Nagar?

The Sub Registrar Office that covers Sathya Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Orakadamagadevimangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately in the land registry. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sathya Nagar?

The current guideline value of Sathya Nagar is Rs 103 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Sathya Nagar was Rs 100 per sq.ft in 2023 and increased by 3% to Rs 103 per sq.ft in 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Sathya Nagar?

Sathya Nagar is classified as Residential Class I Type - I, which indicates its designation for residential purposes.

How is stamp duty calculated in Sathya Nagar?

Stamp duty in Sathya Nagar is charged at 7% of the guideline value or the sale price, whichever is higher. For example, a plot valued at Rs 1,03,000 would incur a stamp duty of Rs 7,210.

Where can I find the Sub Registrar Office for Sathya Nagar?

The Sub Registrar Office for Sathya Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.