Guideline Value for Sasi Nagar

Sasi Nagar guideline value

The current guideline value of Sasi Nagar in Kudalur village is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Madurandakam SRO and is classified as Residential Class I Type - I.

How the guideline value of Sasi Nagar has changed

The guideline value for Sasi Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 70 per sq.ft, which increased to Rs 47 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, from 2017 to 2023, the value significantly increased to Rs 100 per sq.ft, representing a rise of 113%. The guideline value remained unchanged at Rs 100 per sq.ft from the 2023 revision to the 2024 revision.

Overall, from 2012 to 2024, the guideline value has increased by 43%. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kudalur

Kudalur village has 10 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 299 per sq.ft, with the median being Rs 100 per sq.ft. The guideline value for Sasi Nagar is equal to this median.

• Rasi Nagar Phase-II: Rs 111 per sq.ft (2024)
• Rallys Nagar: Rs 100 per sq.ft (2024)
• Sri Mugambigai Nagar: Rs 100 per sq.ft (2024)
• Srinivasa Nagar: Rs 100 per sq.ft (2024)
• Thirumalai Nagar: Rs 100 per sq.ft (2024)
• Madan City: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sasi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sasi Nagar?

The Sasi Nagar area is covered by the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kudalur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with the registration process.

When registering a property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This ensures that the transaction reflects a fair value for taxation purposes.

Frequently asked questions

What is the current guideline value of Sasi Nagar?

The current guideline value of Sasi Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 70 per sq.ft in 2012 to Rs 100 per sq.ft in 2024, with a notable increase of 113% from 2017 to 2023.

What are the registration fees for property in Sasi Nagar?

The registration fees for a property in Sasi Nagar include a stamp duty of 7% and a registration fee of 2% on the guideline value or sale price, whichever is higher.

Which office handles property registration in Kudalur?

The Madurandakam Sub Registrar Office handles property registration in Kudalur, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu.

Are there other streets in Kudalur with different guideline values?

Yes, there are other streets in Kudalur under the Madurandakam SRO with varying guideline values, ranging from Rs 100 to Rs 299 per sq.ft.