Guideline Value for SRI SATHYA SAI NAHAR PHASE -I

Sri Sathya Sai Nahar Phase -I guideline value

The current guideline value of Sri Sathya Sai Nahar Phase -I is Rs 400 per sq.ft, effective from 1 July 2024. This property is located in Eazhichur village under the Walajabad Sub Registrar Office (SRO) and falls under the Residential Class I Type - I land classification.

How the guideline value of Sri Sathya Sai Nahar Phase -I has changed

The guideline value for Sri Sathya Sai Nahar Phase -I has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was set at Rs 400 per sq.ft. This remained unchanged in the subsequent revision in 2017, which also recorded a value of Rs 400 per sq.ft. However, the 2017 revision marked a decrease from the previous value of Rs 268 per sq.ft in 2017, reflecting a -33% change. The guideline value then increased significantly by 49% to Rs 400 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen no change, remaining 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 value for these streets is Rs 400 per sq.ft, which aligns with the guideline value of Sri Sathya Sai Nahar Phase -I.

• Sri Sathya Sai Nagar Phase-III: 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 Nahar Phase -I

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total 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, bringing the total cost of duties to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sathya Sai Nahar Phase -I?

The Sri Sathya Sai Nahar Phase -I is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Eazhichur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that the transaction is recorded accurately in accordance with government regulations. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sri Sathya Sai Nahar Phase -I?

The current guideline value of Sri Sathya Sai Nahar Phase -I 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 since 2012, with a significant increase from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and it has not changed in 2024.

What is the land classification for Sri Sathya Sai Nahar Phase -I?

Sri Sathya Sai Nahar Phase -I is classified under Residential Class I Type - I.

Which office handles the registration for properties in this area?

The registration for properties in Sri Sathya Sai Nahar Phase -I is handled by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Eazhichur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 4,00,000 would incur a stamp duty of Rs 28,000 at 7% and a registration fee of Rs 8,000 at 2%.