Guideline Value for Sarathi Nagar 100Ft Road

Sarathi Nagar 100Ft Road guideline value

The current guideline value of Sarathi Nagar 100Ft Road is Rs 13,200 per sq.ft, effective from 1 July 2024. This road is located in Velachery village, under the Velacheri SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Sarathi Nagar 100Ft Road has changed

In the 2012 revision, the guideline value was Rs 12,000 per sq.ft. This figure decreased to Rs 8,040 per sq.ft in the 2017 revision, marking a decline of 33%. However, the latest 2024 revision has seen a significant increase, bringing the value back up to Rs 13,200 per sq.ft, which is an increase of 64% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Sarathi Nagar 100Ft Road's 2024 figure above this median.

• Sarathi Nagar 1st Cross Street: Rs 5,500 per sq.ft (2024)
• Sarathi Nagar 1st Main Road: Rs 5,500 per sq.ft (2024)
• Sarathi Nagar 1st Street: Rs 5,500 per sq.ft (2024)
• Sarathi Nagar 2nd Cross Street: Rs 5,500 per sq.ft (2024)
• Sarathi Nagar 2nd Street: Rs 5,500 per sq.ft (2024)
• Sarathi Nagar 2nd Street Extn: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sarathi Nagar 100Ft Road

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total cost for these fees to Rs 11,88,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sarathi Nagar 100Ft Road?

The Sub Registrar Office that covers Sarathi Nagar 100Ft Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more assistance.

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

The guideline value is an essential reference point during property transactions in Velachery. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the correct amount is paid during the registration process.

Frequently asked questions

What is the current guideline value of Sarathi Nagar 100Ft Road?

The current guideline value of Sarathi Nagar 100Ft Road is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has gone through several changes. It decreased from Rs 12,000 per sq.ft in 2012 to Rs 8,040 per sq.ft in 2017, then increased to Rs 13,200 per sq.ft in 2024.

What are the other streets in Velachery with their guideline values?

Other streets in Velachery have varying guideline values, with Sarathi Nagar 1st Cross Street, 1st Main Road, 1st Street, 2nd Cross Street, 2nd Street, and 2nd Street Extn all having a guideline value of Rs 5,500 per sq.ft in 2024.

What fees are associated with buying property in Sarathi Nagar 100Ft Road?

When buying property in Sarathi Nagar 100Ft Road, buyers need to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sarathi Nagar 100Ft Road?

The Velacheri Sub Registrar Office covers Sarathi Nagar 100Ft Road, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.