Guideline Value for SRI SATHYASAI NAGAR

Sri Sathyasai Nagar guideline value

The current guideline value of Sri Sathyasai Nagar is Rs 670 per sq.ft, effective from 1 July 2024. This locality is situated in Adhanoor village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Sri Sathyasai Nagar has changed

Since the 2002 revision, the guideline value register has no figure for this street until the 2017 revision, which set the value at Rs 670 per sq.ft. This figure remained unchanged in the 2023 revision and continues to be the same in the 2024 revision, reflecting no percentage change across these years.

Overall, from 2017 to 2024, the guideline value has remained stable at Rs 670 per sq.ft, with no changes recorded during the intervening years of 2023 and 2024, as well as between 2017 and 2023.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft, with a median value of Rs 1,000 per sq.ft. The guideline value for Sri Sathyasai Nagar is below this median.

• Sri Swamynathan Nagar: Rs 1,000 per sq.ft (2024)
• Sri Sairam Nagar: Rs 1,000 per sq.ft (2024)
• Sri Vasudev Nagar: Rs 1,000 per sq.ft (2024)
• Sri Vasudev Nagar Extn: Rs 1,000 per sq.ft (2024)
• Sri Vel Nnagar: Rs 1,000 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sathyasai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 670 per sq.ft, the guideline value amounts to Rs 6,70,000. The stamp duty at 7% would be Rs 46,900, and the registration fee at 2% would be Rs 13,400, bringing the total to Rs 60,300. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Sathyasai Nagar?

The Sub Registrar Office that covers Sri Sathyasai Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical reference point during property registration in Adhanoor. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that these charges are aligned with the official valuation of the property.

When buying or selling property, both the buyer and seller must be aware of the guideline value, as it affects the overall costs involved in the transaction. Accurate knowledge of this value helps in understanding the financial implications of the property deal.

Frequently asked questions

What is the current guideline value of Sri Sathyasai Nagar?

The current guideline value of Sri Sathyasai Nagar is Rs 670 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 670 per sq.ft from the 2017 revision through to the 2024 revision. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification of Sri Sathyasai Nagar?

Sri Sathyasai Nagar is classified as Residential Class II Type - II, indicating its designation for residential purposes.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 6,70,000, the total fees would amount to Rs 60,300.

Where is the Sub Registrar Office for Sri Sathyasai Nagar located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.