Guideline Value for SRI SATHYA SAI NAGAR

Sri Sathya Sai Nagar guideline value

The current guideline value of Sri Sathya Sai Nagar, located in Kammarajapuram village under the Walajabad SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Sri Sathya Sai Nagar has changed

The guideline value for Sri Sathya Sai Nagar has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 100 per sq.ft. In 2017, it decreased to Rs 67 per sq.ft, marking a decline of 33%. However, by 2023, the value increased significantly to Rs 100 per sq.ft, reflecting a 49% rise from the 2017 figure. The most recent revision in 2024 maintained the value at Rs 100 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 100 per sq.ft.

Guideline values in Kammarajapuram

In Kammarajapuram, there are four streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 126 per sq.ft. The median value for these streets is Rs 126 per sq.ft, placing Sri Sathya Sai Nagar below this median.

• Sri Sivasakthi Nagar: Rs 126 per sq.ft (2024)
• Sri Sivasakthi Nagar Extention: Rs 126 per sq.ft (2024)
• Thirupathy Nagar: Rs 126 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 rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Sathya Sai Nagar?

The Sri Sathya Sai Nagar area is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kammarajapuram. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value serves as a benchmark for the transaction. Buyers and sellers must be aware of this value to ensure compliance with legal requirements and to understand the financial implications of their property dealings.

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023, and remains at Rs 100 per sq.ft in 2024.

What are the other streets in Kammarajapuram with guideline values?

Other streets in Kammarajapuram include Sri Sivasakthi Nagar, Sri Sivasakthi Nagar Extention, and Thirupathy Nagar, all with a 2024 guideline value of Rs 126 per sq.ft.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fee would be Rs 9,000.

Which office handles registrations for properties in Sri Sathya Sai Nagar?

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