Guideline Value for Sasi Varadhan Nagar

Sasi Varadhan Nagar guideline value

The current guideline value of Sasi Varadhan Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village and falls under the Padappai SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Sasi Varadhan Nagar has changed

The guideline value for Sasi Varadhan Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017. However, from 2017 to 2023, the value saw a significant increase of 49%, rising to Rs 1,800 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, making Sasi Varadhan Nagar's 2024 figure below that median.

• Sasivaradhan Nagar Main Road: Rs 1,980 per sq.ft (2024)
• Sarojini Street: Rs 2,310 per sq.ft (2024)
• Sardar Adikesavalu Nagar: Rs 1,650 per sq.ft (2024)
• Sathguru Apartments: Rs 2,640 per sq.ft (2024)
• Sathiya Moorthy Lane: Rs 2,310 per sq.ft (2024)
• Sathiya Moorthy Street (1 to 5): Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Sasi Varadhan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total fees Rs 1,78,200. Please 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 Sasi Varadhan Nagar?

The Sub Registrar Office that covers Sasi Varadhan Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perungalathur. It serves as a benchmark for determining the minimum value at which property transactions can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When a property is sold, the sale price is compared to the guideline value. The higher of the two is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Sasi Varadhan Nagar?

The current guideline value of Sasi Varadhan Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen various changes, starting from Rs 1,800 per sq.ft in 2012, decreasing to Rs 1,206 per sq.ft in 2017, and then increasing to Rs 1,800 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft.

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

Other streets in Perungalathur include Sasivaradhan Nagar Main Road at Rs 1,980 per sq.ft, Sarojini Street at Rs 2,310 per sq.ft, and Sathguru Apartments at Rs 2,640 per sq.ft, among others.

What is the registration fee for property in Sasi Varadhan Nagar?

The registration fee is calculated based on the guideline value or sale price, whichever is higher. For example, for a plot valued at Rs 19,80,000, the registration fee would be Rs 39,600 at a rate of 2%.

Which office handles registrations for Sasi Varadhan Nagar?

The Padappai Sub Registrar Office handles registrations for Sasi Varadhan Nagar. It is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.