Guideline Value for Sasthapuri

Sasthapuri guideline value

The current guideline value of Sasthapuri is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Sasthapuri has changed

The guideline value for Sasthapuri has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 200 per sq.ft. The 2017 revision saw a decrease to Rs 134 per sq.ft, marking a -33% change from the 2012 figure. From 2017 to 2023, the value increased by 49% to return to Rs 200 per sq.ft.

From 2023 to 2024, there has been no change, maintaining the guideline value at Rs 200 per sq.ft. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kolathur

In Kolathur, there are 45 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 1,300 per sq.ft. The median value is Rs 250 per sq.ft, indicating that Sasthapuri's 2024 figure is below this median.

• Sathyam Nagar: Rs 200 per sq.ft (2024)
• Seelam Nagar: Rs 200 per sq.ft (2024)
• Seenivasa Nagar: Rs 250 per sq.ft (2024)
• RPG Global City: Rs 250 per sq.ft (2024)
• Royal Paradise: Rs 250 per sq.ft (2024)
• Siva Garden: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sasthapuri

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be 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 our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sasthapuri?

The Sub Registrar Office that covers Sasthapuri is 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 Kolathur

The guideline value is a crucial factor in property transactions in Kolathur, as it determines the base value for calculating stamp duty and registration fees. Buyers and sellers should be aware that the guideline value will influence the overall cost of property transactions.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate applicable duties and fees. This ensures that all transactions are conducted fairly and transparently.

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 remained at Rs 200 per sq.ft from 2012 to 2024, with a drop to Rs 134 per sq.ft in 2017 and a return to Rs 200 per sq.ft in 2023.

What other streets in Kolathur have similar guideline values?

Other streets in Kolathur with a guideline value of Rs 200 per sq.ft include Sathyam Nagar and Seelam Nagar, while streets like Seenivasa Nagar, RPG Global City, Royal Paradise, and Siva Garden have a higher value of Rs 250 per sq.ft.

How is stamp duty calculated in Sasthapuri?

Stamp duty in Sasthapuri is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at a rate of 7%.

Where can I find the Sub Registrar Office for Sasthapuri?

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