Guideline Value for SATHYASAI SABABATHI NAGAR (WARD -15)

Sathyasai Sababathi Nagar (Ward -15) guideline value

The current guideline value of Sathyasai Sababathi Nagar (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Sattamangalam village and falls under the Chengleput Joint II SRO, classified as Residential Class II Type - II.

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

Over the years, the guideline value for Sathyasai Sababathi Nagar has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. However, the value rebounded to Rs 400 per sq.ft in the 2023 revision, and subsequently increased to Rs 440 per sq.ft in the 2024 revision, marking a 10% rise from the previous year. Notably, the register has no figures for the revisions in 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%, while the value dropped by 33% from 2012 to 2017. 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 that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Sathyasai Sababathi Nagar's 2024 guideline value is below this median.

• Sathyasai Nagar (Ward -15): Rs 660 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 Sababathi Nagar (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, leading to a total cost of Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathyasai Sababathi Nagar (Ward -15)?

The Sub Registrar Office covering Sathyasai Sababathi 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 during the registration of property transactions in Sattamangalam. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold, ensuring that the government receives the appropriate revenue from these transactions.

When a buyer or seller approaches the registration office, the guideline value is assessed to calculate the necessary fees. This value is essential for both parties to understand the financial implications of the transaction and to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sathyasai Sababathi Nagar?

The current guideline value of Sathyasai Sababathi Nagar (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification of Sathyasai Sababathi Nagar?

Sathyasai Sababathi Nagar is classified as Residential Class II Type - II, which indicates its suitability for residential development.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Sathyasai Sababathi Nagar?

Stamp duty for properties in Sathyasai Sababathi Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 4,40,000 would incur a stamp duty of Rs 30,800 at 7%.