Guideline Value for SATHYA SURIYA GARDEN (WARD -7)

Sathya Suriya Garden (Ward -7) guideline value

The current guideline value of Sathya Suriya Garden (Ward -7) is Rs 1,321 per sq.ft, effective from 1 July 2024. This area is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Special Type - V.

How the guideline value of Sathya Suriya Garden (Ward -7) has changed

The guideline value for Sathya Suriya Garden has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 804 per sq.ft. The value remained the same at Rs 1,200 per sq.ft in 2023, before increasing to Rs 1,321 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

In Ninna Karai, there are 449 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Sathya Suriya Garden's 2024 figure above that median.

• Sattamangalam Perumal Koil St (Ward -15): Rs 440 per sq.ft (2024)
• Sathyasai Sababathi Nagar (Ward -15): Rs 440 per sq.ft (2024)
• Sattamangalam (Ward -15): Rs 440 per sq.ft (2024)
• Sathyasai Nagar (Ward -15): Rs 660 per sq.ft (2024)
• Sathiyasai Nagar (N): Rs 660 per sq.ft (2024)
• School Street (Ward -15): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Sathya Suriya Garden (Ward -7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value would be Rs 13,21,000. The stamp duty at 7% would amount to Rs 92,470, and the registration fee at 2% would be Rs 26,420, bringing the total to Rs 1,18,890. It is important to note that the 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 more details.

Which Sub Registrar Office covers Sathya Suriya Garden (Ward -7)?

The Sathya Suriya Garden (Ward -7) is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Ninna Karai

The guideline value plays a crucial role during the registration of property transactions in Ninna Karai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Sathya Suriya Garden?

The current guideline value of Sathya Suriya Garden (Ward -7) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations, starting from Rs 1,200 per sq.ft in 2012, decreasing to Rs 804 per sq.ft in 2017, and then rising to Rs 1,200 per sq.ft in 2023, before reaching Rs 1,321 per sq.ft in 2024.

What is the land classification for Sathya Suriya Garden?

The land classification for Sathya Suriya Garden (Ward -7) is Residential Special Type - V, indicating its suitability for residential purposes.

Where can I find the registration office for Sathya Suriya Garden?

The registration office for Sathya Suriya Garden (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Sathya Suriya Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a plot of 1,000 sq.ft at the current guideline value, the stamp duty would be Rs 92,470.