Guideline Value for Sasthri Nagar

Sasthri Nagar guideline value

The current guideline value of Sasthri Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This area falls under 44.Ayanambakkam village and is classified as Residential Class IV Type - I. The guideline value is crucial for property transactions in this locality.

How the guideline value of Sasthri Nagar has changed

In the 2017 revision, the guideline value was Rs 536 per sq.ft. This figure increased to Rs 800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 saw the guideline value further increase to Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has risen by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value of Sasthri Nagar is below this median.

• Sasthri Street: Rs 880 per sq.ft (2024)
• Saratha Nagar: Rs 801 per sq.ft (2024)
• Saraswathy nagar Extn.: Rs 880 per sq.ft (2024)
• Saraswathy Nagar: Rs 880 per sq.ft (2024)
• School Road: Rs 1,700 per sq.ft (2024)
• Senthil Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sasthri Nagar

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sasthri Nagar?

The Sub Registrar Office that covers Sasthri Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is an essential factor in property transactions, as it determines the amount of stamp duty and registration fees payable. When buying or selling property in 44.Ayanambakkam, the guideline value is used to calculate these fees, ensuring compliance with the local regulations.

It is important for buyers and sellers to be aware of the current guideline value, as it can impact the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Sasthri Nagar?

The current guideline value of Sasthri Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 536 per sq.ft to Rs 880 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty and registration fees for property in Sasthri Nagar?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles property registrations in Sasthri Nagar?

The Konnur Sub Registrar Office handles property registrations in Sasthri Nagar, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Sasthri Nagar?

Sasthri Nagar is classified as Residential Class IV Type - I, which is important for understanding its use in property transactions.