Guideline Value for SATHYASAI NAGAR (WARD -15)

Sathyasai Nagar (Ward -15) guideline value

The current guideline value of Sathyasai Nagar (Ward -15) is Rs 661 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor 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 remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft. Following this, the 2023 revision increased the figure to Rs 600 per sq.ft, and the most recent 2024 revision has set it at Rs 661 per sq.ft, reflecting a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. Notably, the change from 2017 to 2023 saw a significant increase of 49%. However, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are a total of 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, indicating that Sathyasai Nagar's 2024 figure is below this median.

• Sathyasai Sababathi Nagar (Ward -15): Rs 550 per sq.ft (2024)
• Sathya Suriya Garden (Ward -7): Rs 1,320 per sq.ft (2024)
• Sattamangalam Perumal Koil St (Ward -15): Rs 550 per sq.ft (2024)
• Sattamangalam (Ward -15): Rs 550 per sq.ft (2024)
• Sathyasai Nagar (N): Rs 661 per sq.ft (2024)
• School Street (Ward -15): Rs 550 per sq.ft (2024)

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 661 per sq.ft, the total guideline value amounts to Rs 6,61,000. The stamp duty at 7% would be Rs 46,270, and the registration fee at 2% would be Rs 13,220, bringing the total costs together to Rs 59,490. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

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 details.

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

The guideline value is a crucial factor when buying or selling property in Peramanoor, as it determines the minimum value at which a property can be registered. When you approach the registration office, the guideline value will be used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. This ensures compliance with legal requirements and helps in avoiding any potential disputes during the registration process.

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 661 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent increase being from Rs 600 per sq.ft in 2023 to Rs 661 per sq.ft in 2024. Overall, from 2012 to 2024, the value has increased by 10%.

What is the land classification for Sathyasai Nagar?

Sathyasai Nagar is classified as Residential Class I Type - III, which indicates its designation for residential purposes within the area.

Where can I find the registration office for Sathyasai Nagar?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current guideline value, the total costs would amount to Rs 59,490.