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Guideline Value

Corporate

Guideline Value for SATHYASAI NAGAR (WARD -15)

₹660/sq.ft.

The guideline value for Sathyasai Nagar (ward -15) in Ninna Karai village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Ninna Karai

Village

Chengleput Joint II

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /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)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sathyasai Nagar (ward -15)

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Sathyasai Nagar (Ward -15) guideline value

The current guideline value of Sathyasai Nagar (Ward -15) is Rs 660 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 Class I Type - III.

How the guideline value of Sathyasai Nagar (Ward -15) has changed

The guideline value for Sathyasai Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and further rose to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figures for this street in 2002, 2003, and 2007.

From 2012 to 2017, there was a notable decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, comparing the 2012 and 2024 figures, there has been a 10% increase, indicating a gradual change in the guideline value per sq.ft over the years.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Sathyasai Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Sathyasai Nagar (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. It is important to note that 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 Sathyasai Nagar (Ward -15)?

The Sub Registrar Office that covers Sathyasai Nagar (Ward -15) is 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 in the property registration process in Ninna Karai. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. This value serves as a benchmark for assessing property transactions within the region.

Frequently asked questions

What is the current guideline value of Sathyasai Nagar (Ward -15)?

The current guideline value of Sathyasai Nagar (Ward -15) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What are the other streets in Ninna Karai and their guideline values?

Other streets in Ninna Karai include Sathyasai Sababathi Nagar at Rs 440 per sq.ft, Sathya Suriya Garden at Rs 1,321 per sq.ft, and School Street at Rs 660 per sq.ft, among others.

What fees are associated with buying property in Sathyasai Nagar?

When buying property, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees can total Rs 59,400.

Where can I find the Sub Registrar Office for Sathyasai Nagar?

The Sub Registrar Office for Sathyasai Nagar (Ward -15) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.