Guideline Value for SATHYASAI NAGAR (WARD -15)

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 Sattamangalam 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

Over the years, the guideline value of Sathyasai Nagar has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. However, this value increased significantly to Rs 600 per sq.ft in 2023, marking a 49% increase from the previous revision. The most recent revision in 2024 has further increased the guideline value to Rs 660 per sq.ft, reflecting a 10% rise from the 2023 figure.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for the village is Rs 1,100 per sq.ft, indicating that Sathyasai Nagar's 2024 figure of Rs 660 per sq.ft is below that median.

• Sathyasai Sababathi Nagar (Ward -15): Rs 440 per sq.ft (2024)
• Sathya Suriya Garden (Ward -7): Rs 1,320 per sq.ft (2024)
• Sattamangalam Perumal Koil St (Ward -15): Rs 440 per sq.ft (2024)
• Sattamangalam (Ward -15): Rs 440 per sq.ft (2024)
• Sathiyasai Nagar (N): Rs 660 per sq.ft (2024)
• School Street (Ward -15): Rs 440 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 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

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 Sattamangalam

The guideline value plays a crucial role in property transactions in Sattamangalam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, it is essential to consider the guideline value as it reflects the official valuation of the property. This valuation is significant for legal and tax purposes 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 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions. It was Rs 600 per sq.ft in 2012, decreased to Rs 402 per sq.ft in 2017, increased to Rs 600 per sq.ft in 2023, and is now Rs 660 per sq.ft in 2024.

What is the land classification for Sathyasai Nagar (Ward -15)?

The land classification for Sathyasai Nagar (Ward -15) is Residential Class I Type - III.

Which office handles registrations for Sathyasai Nagar (Ward -15)?

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

How are stamp duty and registration fees calculated for properties in Sathyasai Nagar (Ward -15)?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 660 per sq.ft incurs a total guideline value of Rs 6,60,000, leading to specific fees based on this value.