Guideline Value for Sagayamatha street

Sagayamatha street guideline value

The current guideline value of Sagayamatha street is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in Thirupanthiyoor village, under the Sunguvarchattram SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Sagayamatha street has changed

Looking at the historical revisions, the guideline value for Sagayamatha street has seen several changes. In the 2012 revision, the value was set at Rs 350 per sq.ft. This remained unchanged in the 2017 revision, where it was Rs 234 per sq.ft, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 350 per sq.ft. The 2023 revision maintained this value, with no change to the current figure of Rs 350 per sq.ft in the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 350 per sq.ft.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor village, there are 53 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 900 per sq.ft. The median value across these streets is Rs 350 per sq.ft, which is the same as the guideline value for Sagayamatha street.

• Royal City: Rs 700 per sq.ft (2024)
• Saveriayar Street: Rs 350 per sq.ft (2024)
• Sebastian Avenue: Rs 200 per sq.ft (2024)
• SelvaGanapathy Nagar: Rs 350 per sq.ft (2024)
• Punitha Annal street: Rs 350 per sq.ft (2024)
• Sirumalar street: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Sagayamatha street

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, while the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. It is important 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 Sagayamatha street?

The Sub Registrar Office covering Sagayamatha street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Thirupanthiyoor. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures that the correct fees are paid during the registration process. This value is regularly updated to reflect changes in the local property market, ensuring transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Sagayamatha street?

The current guideline value of Sagayamatha street is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sagayamatha street has seen various changes, with the most recent figure remaining constant at Rs 350 per sq.ft since 2012, despite fluctuations in earlier years.

What other streets have similar guideline values in Thirupanthiyoor?

Several other streets in Thirupanthiyoor also have a guideline value of Rs 350 per sq.ft, including Saveriayar Street, SelvaGanapathy Nagar, and Punitha Annal street.

Where is the Sub Registrar Office for Sagayamatha street located?

The Sub Registrar Office for Sagayamatha street is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 31,500.