Guideline Value for Sagayapuri

Sagayapuri guideline value

The current guideline value of Sagayapuri is Rs 1,000 per sq.ft. This area is located in Kizhakottyur village and falls under the Gooduvancheri SRO. The land classification for Sagayapuri is Residential Special Type - II.

How the guideline value of Sagayapuri has changed

Over the years, the guideline value of Sagayapuri has seen several revisions. The earliest recorded revision in 2007 set the value at Rs 160 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a remarkable rise of 525%. However, by 2017, the value decreased to Rs 670 per sq.ft, a drop of 33%. The most recent revision in 2023 brought the guideline value back to Rs 1,000 per sq.ft, reflecting a 49% increase from the 2017 revision.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 525%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Kizhakottyur

Currently, there are no specific village figures available for Kizhakottyur. Sagayapuri is one of the streets under the Gooduvancheri SRO, and there are no other streets in Kizhakottyur listed with their guideline values.

Stamp duty and registration fee for property in Sagayapuri

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sagayapuri?

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

For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Kizhakottyur. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers need to be aware of the guideline value to ensure they are prepared for the costs associated with property transactions.

When registering a property, the stamp duty is calculated based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sagayapuri?

The current guideline value of Sagayapuri is Rs 1,000 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 160 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and returned to Rs 1,000 per sq.ft in 2023.

What is the land classification for Sagayapuri?

The land classification for Sagayapuri is Residential Special Type - II.

What are the stamp duty and registration fees for a property in Sagayapuri?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles registrations for Sagayapuri?

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