Guideline Value for SRI SATHYA SAI NAGAR EXT II

Sri Sathya Sai Nagar Ext II guideline value

The current guideline value of Sri Sathya Sai Nagar Ext II is Rs 1,792 per sq.ft, effective from 1 July 2024. This street is located in Oothivakkam village under the Thiruporur SRO, and it falls under the land classification of Mixed Special Type - III.

How the guideline value of Sri Sathya Sai Nagar Ext II has changed

In the 2024 revision, the guideline value for Sri Sathya Sai Nagar Ext II was set at Rs 1,792 per sq.ft. The previous revision in 2023 also recorded the same figure of Rs 1,792 per sq.ft, indicating no change between these two revisions. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the guideline value has remained constant at Rs 1,792 per sq.ft from 2023 to 2024, showing a change of +0%. The absence of figures for earlier years means that no historical changes can be referenced for this street.

Guideline values in Oothivakkam

In Oothivakkam, there are 20 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,792 per sq.ft. The median value among these streets is Rs 825 per sq.ft, placing Sri Sathya Sai Nagar Ext II above this median value.

• Sri Sathya Sai Nagar Ext I: Rs 1,792 per sq.ft (2024)
• Sri Sathya Sai Nagar Extension -III: Rs 1,200 per sq.ft (2024)
• Sri Sathya Sai Nagar: Rs 1,000 per sq.ft (2024)
• Sri Sivadurgai Garden: Rs 200 per sq.ft (2024)
• Sri Varman Nagar: Rs 200 per sq.ft (2024)
• Thadagam Avenue: Rs 650 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sathya Sai Nagar Ext II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,792 per sq.ft, the total guideline value would be Rs 17,92,000. The stamp duty at 7% would amount to Rs 1,25,440, while the registration fee at 2% would be Rs 35,840. Together, the total cost for these fees would be Rs 1,61,280. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Sri Sathya Sai Nagar Ext II?

The Sub Registrar Office that covers Sri Sathya Sai Nagar Ext II is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Oothivakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is assessed alongside the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which are mandatory for completing the registration process.

Frequently asked questions

What is the current guideline value of Sri Sathya Sai Nagar Ext II?

The current guideline value of Sri Sathya Sai Nagar Ext II is Rs 1,792 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2023 revision, the guideline value has remained unchanged at Rs 1,792 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Sri Sathya Sai Nagar Ext II?

Sri Sathya Sai Nagar Ext II falls under the land classification of Mixed Special Type - III. This classification can influence the guideline value and property usage.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 17,92,000, the stamp duty would be Rs 1,25,440 and the registration fee would be Rs 35,840, leading to a total of Rs 1,61,280. The duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for this property?

The Thiruporur Sub Registrar Office covers Sri Sathya Sai Nagar Ext II and is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.