Guideline Value for SATHYA SAI SAIBABA NAGAR

Sathya Sai Saibaba Nagar guideline value

The current guideline value of Sathya Sai Saibaba Nagar is Rs 103 per sq.ft, effective from 1 July 2024. This area is located in Pasumpoor village under the Madurandakam SRO and is classified as Residential Special Type - I.

How the guideline value of Sathya Sai Saibaba Nagar has changed

The guideline value for Sathya Sai Saibaba Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 70 per sq.ft, which then decreased to Rs 47 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 100 per sq.ft in 2023, and it has now risen to Rs 103 per sq.ft in the 2024 revision, marking a 3% increase from the previous year.

From 2017 to 2023, the value increased by 113%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 47%. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pasumpoor

In Pasumpoor, four streets carry a guideline value of Rs 103 per sq.ft as per the 2024 revision, with Sathya Sai Saibaba Nagar matching the median value of the area. The other streets in Pasumpoor under the Madurandakam SRO are as follows:

• Sri Guberalakshmi Nagar: Rs 103 per sq.ft (2024)
• Nemisanth Nagar: Rs 103 per sq.ft (2024)
• Abhi Avenue: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Sathya Sai Saibaba Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value would be Rs 1,03,000. The stamp duty at 7% would amount to Rs 7,210, while the registration fee at 2% would be Rs 2,060, bringing the total charges to Rs 9,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathya Sai Saibaba Nagar?

The Sathya Sai Saibaba Nagar area falls under the jurisdiction of the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Pasumpoor. It is used to determine the stamp duty and registration fees that need to be paid when registering a property. Buyers should be aware that the guideline value serves as a benchmark for these charges.

When selling property, the guideline value can influence the sale price, as it reflects the official valuation set by the government. However, the actual sale price may vary based on negotiations between buyers and sellers.

Frequently asked questions

What is the current guideline value of Sathya Sai Saibaba Nagar?

The current guideline value of Sathya Sai Saibaba Nagar is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 70 per sq.ft in 2012 to Rs 47 per sq.ft in 2017, then to Rs 100 per sq.ft in 2023, and finally to Rs 103 per sq.ft in 2024.

What is the land classification of Sathya Sai Saibaba Nagar?

Sathya Sai Saibaba Nagar is classified as Residential Special Type - I, indicating its intended use for residential purposes.

Where can I find the registration office for Sathya Sai Saibaba Nagar?

The registration office for Sathya Sai Saibaba Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 7,210.