Guideline Value for SRI SAPTHAGIRI NAGAR

Sri Sapthagiri Nagar guideline value

The current guideline value of Sri Sapthagiri Nagar is Rs 1,100 per sq.ft, as per the 2023 revision. This area falls under Ayyencheri village and is registered with the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of Sri Sapthagiri Nagar has changed

In the 2017 revision, the guideline value was Rs 737 per sq.ft. This was a significant increase from the previous revision, with the current 2023 guideline value rising to Rs 1,100 per sq.ft, marking a change of +49% over the six-year period. The register has no figures for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street.

To summarize, the guideline value increased from Rs 737 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2023. This reflects the only available figures for the street in the recent revisions.

Guideline values in Ayyencheri

Currently, there are no specific village figures provided for Ayyencheri. Sri Sapthagiri Nagar is a part of the Ayyencheri locality, which is under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sri Sapthagiri Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 Sri Sapthagiri Nagar?

The Sri Sapthagiri Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Ayyencheri. It serves as a benchmark for calculating the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the registration fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sri Sapthagiri Nagar?

The current guideline value of Sri Sapthagiri Nagar is Rs 1,100 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value increased from Rs 737 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2023, which is a change of +49% over that period.

Are there any guideline values for previous years?

The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for Sri Sapthagiri Nagar.

What are the stamp duty and registration fees for property in Sri Sapthagiri Nagar?

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 99,000, which includes Rs 77,000 for stamp duty and Rs 22,000 for registration fees.

Which office handles registrations for Sri Sapthagiri Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for Sri Sapthagiri Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.