Guideline Value for SATHYA SAI NAGAR

Sathya Sai Nagar guideline value

The current guideline value of Sathya Sai Nagar, located in Rajakilpakkam village, is Rs 4,000 per sq.ft, effective from 1 July 2024. This area falls under the Selaiyur SRO and is classified as Mixed Type - III land.

How the guideline value of Sathya Sai Nagar has changed

The guideline value for Sathya Sai Nagar has seen significant changes over the years. In the 2017 revision, the value was set at Rs 2,500 per sq.ft. This increased to Rs 3,734 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 4,000 per sq.ft, which is a 7% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 60%. The register has no figures for the years 2002, 2003, 2007, 2012, and does not provide a value for these years.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft. The median value for these streets is Rs 2,150 per sq.ft, placing Sathya Sai Nagar's 2024 figure above that median.

• Sathiya Sai Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Sathiya Sai Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Sathiya Sai Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Sathiya Sai Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Sathiya Sai Nagar 2nd Main Road: Rs 2,700 per sq.ft (2024)
• Sathiya Sai Nagar 1st Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sathya Sai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value amounts to Rs 40,00,000. The stamp duty at 7% would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, bringing the total to Rs 3,60,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sathya Sai Nagar?

The Sathya Sai Nagar area is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Rajakilpakkam

The guideline value is an essential factor in the registration process when buying or selling property in Rajakilpakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the current rates in the area. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Sathya Sai Nagar?

The current guideline value of Sathya Sai Nagar is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2017 to Rs 3,734 per sq.ft in 2023, and then to Rs 4,000 per sq.ft in 2024. The overall increase from 2017 to 2024 is 60%.

What is the median guideline value for streets in Rajakilpakkam?

The median guideline value for streets in Rajakilpakkam is Rs 2,150 per sq.ft, which is lower than the current value of Sathya Sai Nagar.

What are the stamp duty and registration fees for property in Sathya Sai Nagar?

The stamp duty for a property valued at Rs 40,00,000 is Rs 2,80,000, and the registration fee is Rs 80,000, totaling Rs 3,60,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office handles registrations for Sathya Sai Nagar.