Guideline Value for Sasikala Nagar

Sasikala Nagar guideline value

The current guideline value of Sasikala Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Arambakkam village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Sasikala Nagar has changed

Looking at the revisions, the guideline value for Sasikala Nagar has seen several changes over the years. In 2007, the value was Rs 160 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012, marking a 275% rise. However, it dropped to Rs 402 per sq.ft in 2017, a decrease of 33%. The value remained at Rs 600 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

There are no figures available for the revisions in 2002 and 2003 for Sasikala Nagar. From 2017 to 2023, the guideline value increased by 49%, and overall, from 2007 to 2024, there has been a substantial increase of 275%.

Guideline values in Arambakkam

In Arambakkam, there are 33 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 800 per sq.ft. The median value is Rs 600 per sq.ft, which is equal to the guideline value of Sasikala Nagar.

• Selva Ganapathi Nagar: Rs 600 per sq.ft (2024)
• S.G.R Nagar: Rs 800 per sq.ft (2024)
• Shantha Nagar: Rs 600 per sq.ft (2024)
• S.K.S Avenue: Rs 500 per sq.ft (2024)
• Sri Ellai Amman Nagar: Rs 500 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sasikala Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees together to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sasikala Nagar?

The Sub Registrar Office covering Sasikala Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process for properties in Arambakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Sasikala Nagar?

The current guideline value of Sasikala Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 160 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and remained at Rs 600 per sq.ft in both 2023 and 2024.

What is the median guideline value in Arambakkam?

The median guideline value in Arambakkam is Rs 600 per sq.ft, which is the same as the guideline value for Sasikala Nagar.

What are the stamp duty rates applicable in Sasikala Nagar?

The stamp duty rate in Sasikala Nagar is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

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