Guideline Value for SRI SATHYA SAI NAGAR PHASE-II

Sri Sathya Sai Nagar Phase-II guideline value

The current guideline value of Sri Sathya Sai Nagar Phase-II is Rs 700 per sq.ft, effective from 1 July 2024. This property is located in Perumattu Nellore village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - II.

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

The guideline value for Sri Sathya Sai Nagar Phase-II has remained consistent at Rs 700 per sq.ft since the 2023 revision, which also had the same figure. Prior to these revisions, the register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

As a result, there has been no percentage change from 2023 to 2024, indicating stability in the guideline value for this street. The current figure aligns with the median guideline value for the village, which is also Rs 700 per sq.ft.

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. The median value is Rs 700 per sq.ft, placing Sri Sathya Sai Nagar Phase-II at the median value.

• Sri Sathya Sai Nagar Phase-III: 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-II

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

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

The Sri Sathya Sai Nagar Phase-II is covered by 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 of properties in Perumattu Nellore. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When registering a property, the buyer must pay the stamp duty based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate fees associated with the transaction.

Frequently asked questions

What is the current guideline value for Sri Sathya Sai Nagar Phase-II?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

What is the median guideline value in Perumattu Nellore?

The median guideline value in Perumattu Nellore is Rs 700 per sq.ft, which is the same as the guideline value for Sri Sathya Sai Nagar Phase-II.

What are the registration fees for property in Sri Sathya Sai Nagar Phase-II?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price. For a 1,000 sq.ft plot, the total fees amount to Rs 63,000.

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

The Sub Registrar Office covering Sri Sathya Sai Nagar Phase-II is the Chengleput Joint II SRO, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.