Guideline Value for Sasthri nagar 1st st ( Ward No.1 )

Sasthri nagar 1st st ( Ward No.1 ) guideline value

The current guideline value of Sasthri nagar 1st st ( Ward No.1 ) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, with a land classification of Residential Special Type - I.

How the guideline value of Sasthri nagar 1st st ( Ward No.1 ) has changed

The guideline value for Sasthri nagar 1st st ( Ward No.1 ) has seen significant changes over the years. The 2017 revision set the value at Rs 1,675 per sq.ft. With the latest revision in 2024, the value increased to Rs 2,700 per sq.ft, marking a change of +61% from the previous figure.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street in the register. This means that the only revisions with recorded figures are from 2017 and 2024.

Guideline values in Madhavaram

In Madhavaram, there are a total of 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value. The values range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value of Sasthri nagar 1st st ( Ward No.1 ) is above this median.

• Sasthri Nagar Annexe-1, Ponniammanmedu (Ward-24): Rs 2,700 per sq.ft (2024)
• Sasthri nagar Burial Ground rd ( Ward No.1 ): Rs 2,700 per sq.ft (2024)
• Sasthiri Nagar Annex: Rs 2,700 per sq.ft (2024)
• Sasthri nagar Main Road ( Ward No.1 ): Rs 2,700 per sq.ft (2024)
• Sasthri Nagar (Periya Sekkadu): Rs 2,700 per sq.ft (2024)
• Sasthri Nagar, Ponniammanmedu (Ward-24): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sasthri nagar 1st st ( Ward No.1 )

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. 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 detailed calculations.

Which Sub Registrar Office covers Sasthri nagar 1st st ( Ward No.1 )?

The Sasthri nagar 1st st ( Ward No.1 ) is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When you buy or sell property, the guideline value ensures that the transaction is recorded accurately, and the appropriate fees are collected based on the established rates. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Sasthri nagar 1st st ( Ward No.1 )?

The current guideline value of Sasthri nagar 1st st ( Ward No.1 ) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,700 per sq.ft in 2024, which is a change of +61%.

Are there any years without recorded guideline values for this street?

Yes, there are no recorded guideline values for the years 2023, 2012, 2007, 2003, and 2002 for Sasthri nagar 1st st ( Ward No.1 ).

What is the registration office for Sasthri nagar 1st st ( Ward No.1 )?

The registration office for Sasthri nagar 1st st ( Ward No.1 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Sasthri nagar 1st st ( Ward No.1 )?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at 7%.