Guideline Value for Sasthri Street / Nagar

Sasthri Street / Nagar guideline value

The current guideline value of Sasthri Street / Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village and falls under the AnnaNagar SRO with a land classification of Residential Class I Type - III.

How the guideline value of Sasthri Street / Nagar has changed

The guideline value for Sasthri Street / Nagar has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 1,300 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in the 2012 revision, marking a 131% rise. However, in the 2017 revision, the value dropped to Rs 2,010 per sq.ft, showing a decrease of 33%. The 2023 revision set the value at Rs 3,000 per sq.ft, which then increased by 10% to Rs 3,300 per sq.ft in the 2024 revision.

Overall, the guideline value has increased by 154% from the 2007 figure to the current 2024 figure. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft as of 2024. The median guideline value for these streets is Rs 4,400 per sq.ft, indicating that the guideline value for Sasthri Street / Nagar is below this median.

• Sayee Nagar: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 1st Main Road: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 2nd Main Road: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 2nd Street: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 3rd Street: Rs 5,500 per sq.ft (2024)
• Sayee Nagar 4th Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sasthri Street / Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sasthri Street / Nagar?

The Sub Registrar Office that covers Sasthri Street / Nagar is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Koyakbedu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are recorded at a fair price.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sasthri Street / Nagar?

The current guideline value of Sasthri Street / Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 154%.

What is the median guideline value in Koyakbedu?

The median guideline value for streets in Koyakbedu is Rs 4,400 per sq.ft as of 2024.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers Sasthri Street / Nagar?

The Sub Registrar Office covering Sasthri Street / Nagar is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.