Guideline Value for Sasthapuri

Sasthapuri guideline value

The current guideline value of Sasthapuri in Karunagaracheri village is Rs 200 per sq.ft, effective from the 2024 revision, which will be in effect from 1 July 2024. This area falls under the Sriperumpudur Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of Sasthapuri has changed

Over the years, the guideline value of Sasthapuri has seen significant changes. The 2007 revision recorded a value of Rs 30 per sq.ft, which increased drastically to Rs 200 per sq.ft in the 2012 revision. However, the 2017 revision saw a decrease to Rs 134 per sq.ft, before it returned to Rs 200 per sq.ft in both the 2023 and 2024 revisions, indicating no change from 2023 to 2024.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 567%.

Guideline values in Karunagaracheri

In Karunagaracheri, there are 11 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 300 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value of Sasthapuri matches this median.

• Sree Karunambigai Nagar: Rs 200 per sq.ft (2024)
• Perumal Koil Street: Rs 200 per sq.ft (2024)
• Narayanapuram: Rs 200 per sq.ft (2024)
• Vetri Nagar: Rs 300 per sq.ft (2024)
• Manthillaiyamman Koil Street: Rs 100 per sq.ft (2024)
• Azhagar City: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sasthapuri

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sasthapuri?

The Sasthapuri area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Karunagaracheri. It is used to determine the stamp duty and registration fees payable during the registration of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is considered to ascertain the applicable duties. This ensures that the transaction is registered at a value recognized by the government, which helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Sasthapuri?

The current guideline value of Sasthapuri is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most significant increase occurring from Rs 30 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, and then again returning to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification for Sasthapuri?

Sasthapuri is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

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

Other streets in Karunagaracheri include Sree Karunambigai Nagar, Perumal Koil Street, Narayanapuram, Vetri Nagar, Manthillaiyamman Koil Street, and Azhagar City, all with varying guideline values ranging from Rs 100 to Rs 300 per sq.ft.

Where can I find the Sub Registrar Office for Sasthapuri?

The Sub Registrar Office covering Sasthapuri is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.