Guideline Value for SRI SATHYA SAI NAGAR

Sri Sathya Sai Nagar guideline value

The current guideline value of Sri Sathya Sai Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Oothivakkam village, under the Thiruporur SRO, and is classified as Mixed Type - III land.

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 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49% to return to Rs 1,000 per sq.ft. The latest revision in 2024 has kept the guideline value steady at Rs 1,000 per sq.ft, resulting in no overall change from 2012 to 2024.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the available revisions are from 2012, 2017, 2023, and 2024.

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 for these streets is Rs 825 per sq.ft, placing Sri Sathya Sai Nagar's 2024 figure above that median.

• Sri Sathya Sai Nagar Extension -III: Rs 1,200 per sq.ft (2024)
• Sri Sathya Sai Nagar Ext I: Rs 1,792 per sq.ft (2024)
• Sri Sathya Sai Nagar Ext II: Rs 1,792 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total charges Rs 90,000. 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 precise calculations.

Which Sub Registrar Office covers Sri Sathya Sai Nagar?

The Sub Registrar Office that covers Sri Sathya Sai Nagar 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 information.

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 the basis for calculating the stamp duty and registration fees, ensuring that both parties are aware of the official value of the property being transacted.

When buying or selling property, the guideline value is used to determine the legal obligations for payment of taxes and fees. It is essential for buyers and sellers to be informed about the current guideline value to avoid any discrepancies during the registration process.

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 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft from 2012 to 2024, with a decrease to Rs 670 per sq.ft in 2017 and an increase back to Rs 1,000 per sq.ft in 2023. The register has no figures for the years 2002, 2003, and 2007.

What is the land classification for Sri Sathya Sai Nagar?

Sri Sathya Sai Nagar is classified as Mixed Type - III land. This classification can affect the types of developments permitted in the area.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. This office handles all registrations for properties in the area.

How is the stamp duty calculated for properties in Sri Sathya Sai Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot with a guideline value of Rs 1,000 per sq.ft incurs a total stamp duty of Rs 70,000 at 7%.