Guideline Value for SRI SATHYA SAI NAGAR PHASE-III

Sri Sathya Sai Nagar Phase-III guideline value

The current guideline value of Sri Sathya Sai Nagar Phase-III is Rs 700 per sq.ft. This property is located in Perumattu Nellore village, under the Chengleput Joint II SRO, with a land classification of Residential Special Type - II.

How the guideline value of Sri Sathya Sai Nagar Phase-III has changed

According to the guideline value register, there have been several revisions for Sri Sathya Sai Nagar Phase-III. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that the guideline value was Rs 700 per sq.ft in both 2023 and 2024, indicating no change between these years.

The 2024 revision, effective from 1 July 2024, maintains the guideline value at Rs 700 per sq.ft, the same as the previous year. This consistency reflects stability in the guideline value for this street.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,850 per sq.ft, with a median value of Rs 700 per sq.ft. Sri Sathya Sai Nagar Phase-III's 2024 figure aligns with this median.

• Sri Sathya Sai Nagar Phase-II: Rs 700 per sq.ft (2024)
• Sri Sathya Sai Nagar Extension: Rs 700 per sq.ft (2024)
• Sri Sathya Nagar Phase 3: Rs 700 per sq.ft (2024)
• Sri Sathya Nagar Phase 2: Rs 700 per sq.ft (2024)
• Sri Sathya Nagar Phase 1: Rs 700 per sq.ft (2024)
• Sri Vaishnavi Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sathya Sai Nagar Phase-III

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sathya Sai Nagar Phase-III?

The Sub Registrar Office that covers Sri Sathya Sai Nagar Phase-III 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perumattu Nellore. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Sri Sathya Sai Nagar Phase-III?

The current guideline value of Sri Sathya Sai Nagar Phase-III is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Sathya Sai Nagar Phase-III has remained unchanged at Rs 700 per sq.ft from 2023 to 2024. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sri Sathya Sai Nagar Phase-III?

The land classification for Sri Sathya Sai Nagar Phase-III is Residential Special Type - II, indicating its use for residential purposes.

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

For a 1,000 sq.ft plot at the guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000.

Where can I find the Sub Registrar Office for Sri Sathya Sai Nagar Phase-III?

The Sub Registrar Office for Sri Sathya Sai Nagar Phase-III is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details online.