Guideline Value for SATHYSAI NAGAR (CHEN)

Sathysai Nagar (Chen) guideline value

The current guideline value of Sathysai Nagar (Chen) is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Sengundram - 1 village, under the Chengleput Joint II SRO, classified as Residential Special Type - II.

How the guideline value of Sathysai Nagar (Chen) has changed

Over the years, the guideline value for Sathysai Nagar (Chen) has seen several revisions. The earliest recorded figure is from 2012, set at Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017, and then an increase to Rs 1,200 per sq.ft in 2023. The most recent revision in 2024 has raised the guideline value to Rs 1,320 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007.

When examining the changes, the guideline value increased by 10% from 2023 to 2024. There was a significant increase of 49% from 2017 to 2023. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value of Sathysai Nagar (Chen) is above this median.

• Shankar Nagar (Chen): Rs 660 per sq.ft (2024)
• Sai Srivari Nagar Phase -IV (Chen): Rs 1,650 per sq.ft (2024)
• Sai Srivari Nagar Phase -III (Chen): Rs 1,650 per sq.ft (2024)
• Sai Srivari Nagar Phase -II (Chen): Rs 1,650 per sq.ft (2024)
• Sai Srivari Nagar Part VIII (Chen): Rs 1,650 per sq.ft (2024)
• Sai Srinivasa Nagar Part-II: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Sathysai Nagar (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathysai Nagar (Chen)?

The Sub Registrar Office that covers Sathysai Nagar (Chen) 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 Sengundram - 1

The guideline value plays a crucial role during the registration process of property transactions in Sengundram - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price meets or exceeds the guideline value to avoid any issues during registration.

Frequently asked questions

What is the current guideline value of Sathysai Nagar (Chen)?

The current guideline value of Sathysai Nagar (Chen) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification of Sathysai Nagar (Chen)?

Sathysai Nagar (Chen) is classified as Residential Special Type - II.

What are the stamp duty and registration fees for properties in Sathysai Nagar (Chen)?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Where is the Sub Registrar Office for Sathysai Nagar (Chen)?

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