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Guideline Value

Corporate

Guideline Value for SATHYA SAI NAGAR /SRI SATHYA SAI NAGAR

₹1870/sq.ft.

The guideline value for Sathya Sai Nagar /sri Sathya Sai Nagar in Medavakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 1870 per sq.ft, effective 1 July 2024. It was Rs 1700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Medavakkam

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1870 /sq.ft.
From 1-4-2023 ₹1700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1139 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1700 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sathya Sai Nagar /sri Sathya Sai Nagar

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Sathya Sai Nagar /Sri Sathya Sai Nagar guideline value

The current guideline value of Sathya Sai Nagar /Sri Sathya Sai Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024. This area is located in Medavakkam village and falls under the Chennai South Joint I SRO. The land classification for this locality is Residential Class III Type - I.

How the guideline value of Sathya Sai Nagar /Sri Sathya Sai Nagar has changed

The guideline value for Sathya Sai Nagar /Sri Sathya Sai Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 1,700 per sq.ft, which was then decreased to Rs 1,139 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,700 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,870 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased significantly by 49%. The overall change from 2012 to 2024 shows a modest increase of 10% in the guideline value.

Guideline values in Medavakkam

In Medavakkam, there are 379 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,540 to Rs 7,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Sathya Sai Nagar /Sri Sathya Sai Nagar is below this median.

Stamp duty and registration fee for property in Sathya Sai Nagar /Sri Sathya Sai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400. Together, the total cost for these fees would be Rs 1,68,300. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathya Sai Nagar /Sri Sathya Sai Nagar?

The Sathya Sai Nagar /Sri Sathya Sai Nagar area is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

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

When buying or selling property in Medavakkam, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. The guideline value is established by the government and serves as a benchmark for property transactions in the area.

At the time of registration, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the locality.

Frequently asked questions

What is the current guideline value of Sathya Sai Nagar /Sri Sathya Sai Nagar?

The current guideline value of Sathya Sai Nagar /Sri Sathya Sai Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then up to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,870 per sq.ft in 2024.

What is the land classification for Sathya Sai Nagar /Sri Sathya Sai Nagar?

The land classification for Sathya Sai Nagar /Sri Sathya Sai Nagar is Residential Class III Type - I.

What are the guideline values for other streets in Medavakkam?

Other streets in Medavakkam under the Chennai South Joint I SRO have a guideline value of Rs 2,200 per sq.ft for the year 2024.

Where is the Sub Registrar Office for Sathya Sai Nagar /Sri Sathya Sai Nagar located?

The Sub Registrar Office covering Sathya Sai Nagar /Sri Sathya Sai Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.