Guideline Value for STHIYA SAI NAGAR

Sthiya Sai Nagar guideline value

The current guideline value of Sthiya Sai Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Eachankaranai village under the Chengleput Joint II SRO, with a land classification of Industries Type - I.

How the guideline value of Sthiya Sai Nagar has changed

The guideline value for Sthiya Sai Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, the 2017 figure was previously Rs 268 per sq.ft in 2012, marking a 49% increase. The 2023 revision also maintained the value at Rs 400 per sq.ft, indicating no change from the previous year.

Looking at the overall changes, from 2012 to 2024, the guideline value remains at Rs 400 per sq.ft, with no overall increase. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street in the register.

Guideline values in Eachankaranai

In Eachankaranai village, there are 10 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value of Sthiya Sai Nagar is below this median.

• Thirukumaran Nagar: Rs 500 per sq.ft (2024)
• Thirukuralnagar: Rs 500 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 400 per sq.ft (2024)
• Sree Baba Nagar: Rs 500 per sq.ft (2024)
• Pristine Pavilion: Rs 400 per sq.ft (2024)
• Happy Valley: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sthiya Sai Nagar

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, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sthiya Sai Nagar?

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

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

The guideline value is a crucial factor during the registration of property transactions in Eachankaranai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Sthiya Sai Nagar?

The current guideline value of Sthiya Sai Nagar 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 in the 2023 and 2024 revisions. It was Rs 268 per sq.ft in 2017 and Rs 400 per sq.ft in 2012, showing a 49% increase from 2012 to 2017.

What is the land classification of Sthiya Sai Nagar?

Sthiya Sai Nagar is classified as Industries Type - I. This classification can affect the types of developments permitted in the area.

What are the stamp duty rates for property in Sthiya Sai Nagar?

The stamp duty for property in Sthiya Sai Nagar is 7% of the guideline value or the sale price, whichever is higher. This means that the total duty can vary based on the property's sale price.

Where can I find the Sub Registrar Office for Sthiya Sai Nagar?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in Sthiya Sai Nagar.