Guideline Value for SRI SATHYA SAI NAGAR PHASE-III

Sri Sathya Sai Nagar Phase-III guideline value

The current guideline value for Sri Sathya Sai Nagar Phase-III is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Eazhichur village under the Walajabad SRO, classified as Residential Class I Type - I.

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

In the 2012 revision, the guideline value was set at Rs 400 per sq.ft. This figure remained unchanged in the subsequent revision in 2017, where it was Rs 268 per sq.ft, reflecting a decrease of 33%. The guideline value then increased significantly to Rs 400 per sq.ft in the 2023 revision, marking a 49% rise from the 2017 figure. The 2024 revision has maintained this figure, showing no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 400 per sq.ft.

Guideline values in Eazhichur

In Eazhichur, there are 13 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 201 to Rs 3,650 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, which is equal to the current figure for Sri Sathya Sai Nagar Phase-III.

• Sri Sathya Sai Nahar Phase -I: Rs 400 per sq.ft (2024)
• Sri Sathya Sai Nagar Phase-II: Rs 400 per sq.ft (2024)
• Sri Sathya Sai Nagar Part-VII: Rs 400 per sq.ft (2024)
• Sri Vari Nagar: Rs 201 per sq.ft (2024)
• sree selva vignesh Nagar: Rs 300 per sq.ft (2024)
• Unnamed Layout S.No :234/1: Rs 400 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 rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

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

The Sri Sathya Sai Nagar Phase-III is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Eazhichur. It serves as a benchmark for assessing the value of the property, ensuring that the registration fees and stamp duties are calculated accordingly.

When buying or selling property, the guideline value will influence the overall costs involved in the transaction. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can affect the total expenses incurred during the purchase process.

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 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft in the revisions for 2012, 2023, and 2024. It decreased to Rs 268 per sq.ft in 2017, which was a 33% drop from the previous figure.

What is the median guideline value for streets in Eazhichur?

The median guideline value for the 13 streets in Eazhichur is Rs 400 per sq.ft, which is the same as the guideline value for Sri Sathya Sai Nagar Phase-III.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 36,000.

Which office handles registrations for Sri Sathya Sai Nagar Phase-III?

The Walajabad Sub Registrar Office handles registrations for Sri Sathya Sai Nagar Phase-III, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.