Guideline Value for Sagaya Annai Nagar

Sagaya Annai Nagar guideline value

The current guideline value of Sagaya Annai Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Sokandi village and falls under the Sunguvarchattram SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sagaya Annai Nagar has changed

Looking at the historical revisions, the guideline value for Sagaya Annai Nagar was Rs 200 per sq.ft in 2012, then decreased to Rs 134 per sq.ft in 2017. This was a decline of 33%. Following this, the value increased significantly to Rs 200 per sq.ft in both the 2023 and 2024 revisions, marking a 49% increase from the 2017 figure. The register contains no figures for the years 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained at Rs 200 per sq.ft, indicating no net change across these years despite the fluctuations in between. The 2024 revision shows that the value has stabilized back to the level seen in 2012.

Guideline values in Sokandi

Sokandi village has 35 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 181 to Rs 1,000 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Sagaya Annai Nagar's 2024 guideline value below this median.

• RIO Teak garden: Rs 250 per sq.ft (2024)
• Sebastian Avenue: Rs 450 per sq.ft (2024)
• Selvapuram: Rs 300 per sq.ft (2024)
• Selvapuram Nagar Ext: Rs 600 per sq.ft (2024)
• Selvapuram Part-I: Rs 300 per sq.ft (2024)
• SelvaPuram Part-II: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sagaya Annai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sagaya Annai Nagar?

The Sub Registrar Office that covers Sagaya Annai Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Sokandi. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that all transactions are fairly assessed based on the established rates.

When buying or selling property, the guideline value is used to determine the applicable fees, which are calculated based on either the guideline value or the sale price, whichever is higher. This ensures compliance with local regulations and helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Sagaya Annai Nagar?

The current guideline value of Sagaya Annai Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a decrease to Rs 134 per sq.ft in 2017, followed by a return to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification of Sagaya Annai Nagar?

Sagaya Annai Nagar is classified as Residential Class I Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for properties in Sagaya Annai Nagar?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles property registrations in Sagaya Annai Nagar?

The Sunguvarchattram Sub Registrar Office handles property registrations for Sagaya Annai Nagar, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.