Guideline Value for SRI SATHYA SAI NAGAR

Sri Sathya Sai Nagar guideline value

The current guideline value of Sri Sathya Sai Nagar, located in Sengundram - 1 village under the Chengleput Joint II SRO, is Rs 1,560 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - IV.

How the guideline value of Sri Sathya Sai Nagar has changed

Over the years, the guideline value of Sri Sathya Sai Nagar has seen several revisions. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 1,418 per sq.ft, which was then increased to Rs 1,560 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, there were no recorded figures for this street in the previous years. The consistent increase in the guideline value reflects the updates made in the latest revision.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 660 to Rs 3,285 per sq.ft. The median guideline value for the area is Rs 880 per sq.ft, making the current guideline value of Sri Sathya Sai Nagar above this median.

• Sri Selva Vinayagar Avenue (Chen): Rs 880 per sq.ft (2024)
• Sri Sakthi Nagar (Chen): Rs 880 per sq.ft (2024)
• Sri Sai Srinivasa Nagar (Chen): Rs 1,100 per sq.ft (2024)
• Sriram Nagar (Chen): Rs 880 per sq.ft (2024)
• Sri Ponni Nagar: Rs 1,971 per sq.ft (2024)
• Srinivasapuram: Rs 880 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,560 per sq.ft, the total guideline value would be Rs 15,60,000. The stamp duty at 7% would be Rs 1,09,200, and the registration fee at 2% would be Rs 31,200, bringing the total fees to Rs 1,40,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Sathya Sai Nagar?

The Sub Registrar Office that covers Sri Sathya Sai Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value plays a crucial role during the registration of property transactions in Sengundram - 1. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable fees. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to assess the stamp duty and registration fees.

Frequently asked questions

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

The current guideline value of Sri Sathya Sai Nagar is Rs 1,560 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,418 per sq.ft in 2023 to Rs 1,560 per sq.ft in 2024, which is an increase of +10%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Sri Sathya Sai Nagar?

Sri Sathya Sai Nagar is classified as Residential Special Type - IV, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property in Sri Sathya Sai Nagar?

For a property valued at Rs 15,60,000, the stamp duty would be Rs 1,09,200 and the registration fee would be Rs 31,200, totaling Rs 1,40,400. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Sathya Sai Nagar located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Sri Sathya Sai Nagar.