Guideline Value for SATHYA SAI NAGAR

Sathya Sai Nagar guideline value

The current guideline value of Sathya Sai Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This locality is part of Perampakkam village and falls under the Perambakkam SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Sathya Sai Nagar has changed

The guideline value of Sathya Sai Nagar has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 300 per sq.ft. This figure remained unchanged in the 2017 revision, where it was also Rs 300 per sq.ft. However, the 2017 revision saw a significant increase of 49% when compared to the previous revision in 2012, which had a guideline value of Rs 201 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

In the 2023 revision, the guideline value remained at Rs 300 per sq.ft, which was the same as the previous year. The latest revision in 2024 has also maintained this figure at Rs 300 per sq.ft, indicating no change from the 2023 revision. Overall, from 2012 to 2024, the guideline value has seen no change.

Guideline values in Perampakkam

Perampakkam village has 20 streets under the Perambakkam SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft, with a median value of Rs 350 per sq.ft. Sathya Sai Nagar's 2024 guideline value is below this median.

• Puttalaman Koil St (Pandaram St): Rs 350 per sq.ft (2024)
• Pettai St: Rs 350 per sq.ft (2024)
• Perumal Koil St: Rs 400 per sq.ft (2024)
• Thiruvallur Road: Rs 400 per sq.ft (2024)
• Vaaniar St: Rs 300 per sq.ft (2024)
• Vanniar St: Rs 400 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty, charged at 7%, would be Rs 21,000, while the registration fee at 2% would be Rs 6,000. Together, the total cost for stamp duty and registration would be Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sathya Sai Nagar?

Sathya Sai Nagar is covered by the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, near Post Office, Perambakkam, 631402, Chennai registration zone. To find your SRO, click here.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perampakkam. 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 is compared with the sale price, and the higher of the two is used to calculate the applicable stamp duty. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sathya Sai Nagar?

The current guideline value of Sathya Sai Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 201 per sq.ft in 2017 compared to 2012.

What is the registration office for Sathya Sai Nagar?

The registration office for Sathya Sai Nagar is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, near Post Office, Perambakkam, 631402, Chennai registration zone.

How is stamp duty calculated for properties in Sathya Sai Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.

What are the guideline values of other streets in Perampakkam?

Other streets in Perampakkam have varying guideline values, with rates ranging from Rs 200 to Rs 500 per sq.ft. Some examples include Puttalaman Koil St and Pettai St, both valued at Rs 350 per sq.ft in 2024.