Guideline Value for SREE SATHYASAI NAGAR EXTENTION

Sree Sathyasai Nagar Extention guideline value

The current guideline value of Sree Sathyasai Nagar Extention is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

How the guideline value of Sree Sathyasai Nagar Extention has changed

As per the revisions recorded, there is no guideline value for Sree Sathyasai Nagar Extention in the years 2002, 2003, 2007, 2012, and 2017. The most recent revision prior to 2024 was in 2023, where the guideline value was Rs 600 per sq.ft. This indicates an increase of 10% to the current value of Rs 660 per sq.ft in 2024.

To summarize the revisions: in 2023, the value was Rs 600 per sq.ft, and it rose to Rs 660 per sq.ft in 2024. The current guideline value reflects the latest adjustments made by the Registration Department.

Guideline values in Ninna Karai

Ninna Karai has a total of 449 streets under the Chengleput Joint II SRO, with 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 Sree Sathyasai Nagar Extention's 2024 figure below this median.

• Sree Sai Sakthi Nagar: Rs 1,100 per sq.ft (2024)
• Sree Siva Sakthi Nagar: Rs 660 per sq.ft (2024)
• Sree Meenakchi Avenue: Rs 1,100 per sq.ft (2024)
• Sree Arunachala Nagar: Rs 1,650 per sq.ft (2024)
• South Ganapathy Nagar (Pa): Rs 660 per sq.ft (2024)
• Sri Balaji Nagar Extension: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Sathyasai Nagar Extention

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 is calculated at 7%, resulting in Rs 46,200, and the registration fee at 2% amounts to Rs 13,200. Together, the total costs for stamp duty and registration fee would be Rs 59,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sree Sathyasai Nagar Extention?

The Sub Registrar Office covering Sree Sathyasai Nagar Extention 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 is a crucial factor in the registration process when buying or selling property in Ninna Karai. It determines the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state receives adequate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sree Sathyasai Nagar Extention?

The current guideline value of Sree Sathyasai Nagar Extention 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 2023 to Rs 660 per sq.ft in 2024, marking a 10% increase. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification for Sree Sathyasai Nagar Extention?

Sree Sathyasai Nagar Extention is classified as Residential Class I Type - III. This classification is important for determining the guideline value and related regulations.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Sree Sathyasai Nagar Extention is 7% of the guideline value or sale price, whichever is higher. This is an essential cost to consider when buying property.

Where can I find more information about the Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office, which covers Sree Sathyasai Nagar Extention, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the find your SRO page.