Guideline Value for SRI SASTHA NAGAR

Sri Sastha Nagar guideline value

The current guideline value of Sri Sastha Nagar in Allappakkam village is Rs 902 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint I SRO and is classified as Residential Special Type - IV.

How the guideline value of Sri Sastha Nagar has changed

In the 2012 revision, the guideline value was Rs 900 per sq.ft. It then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased to Rs 900 per sq.ft in the 2023 revision. Finally, the current guideline value is Rs 902 per sq.ft as per the 2024 revision. The register has no figure for this street in 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 900 per sq.ft.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO with a 2024 guideline value ranging from Rs 600 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,102 per sq.ft, making the guideline value of Sri Sastha Nagar below this median.

• Sri Sawdambiga Nagar Phase-I: Rs 902 per sq.ft (2024)
• Sri Varalakshmi Nagar: Rs 800 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 1,102 per sq.ft (2024)
• Star City Phase-I: Rs 1,102 per sq.ft (2024)
• Star City Phase-II: Rs 1,102 per sq.ft (2024)
• Star City Phase-III: Rs 1,102 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sastha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 902 per sq.ft, the total guideline value would be Rs 9,02,000. The stamp duty at 7% would amount to Rs 63,140, while the registration fee at 2% would be Rs 18,040, bringing the total to Rs 81,180. It is important to note that 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 information.

Which Sub Registrar Office covers Sri Sastha Nagar?

Sri Sastha Nagar is covered by the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Allappakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration regulations.

When registering 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 government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Sastha Nagar?

The current guideline value of Sri Sastha Nagar is Rs 902 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 902 per sq.ft in 2024.

What is the land classification for Sri Sastha Nagar?

Sri Sastha Nagar is classified as Residential Special Type - IV, which indicates its suitability for residential development.

What are the other streets in Allappakkam with their guideline values?

Other streets in Allappakkam include Sri Sawdambiga Nagar Phase-I at Rs 902 per sq.ft, Sri Varalakshmi Nagar at Rs 800 per sq.ft, and Sri Sai Baba Nagar at Rs 1,102 per sq.ft.

Where can I find the Chengleput Joint I Sub Registrar Office?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details through the provided link.