Guideline Value for Sastri Nagar 1st Street

Sastri Nagar 1st Street guideline value

The current guideline value of Sastri Nagar 1st Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sastri Nagar 1st Street has changed

The guideline value for Sastri Nagar 1st Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft. The most recent 2024 revision increased this value to Rs 1,300 per sq.ft, reflecting an increase of 8% from the 2012 figure. Notably, the register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the guideline value rose from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024. The absence of figures for other years indicates that the value remained unchanged during those periods.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value in this village is Rs 1,600 per sq.ft, placing Sastri Nagar 1st Street's 2024 figure below that median.

• Sastri Nagar 2nd street: Rs 1,300 per sq.ft (2024)
• Sastri Nagar 3rd street: Rs 1,300 per sq.ft (2024)
• Sastri Nagar 4th Street: Rs 1,300 per sq.ft (2024)
• Sastri Nagar Main Road: Rs 1,300 per sq.ft (2024)
• Sanjay Gandhi Street(Moopanar Nagar): Rs 1,300 per sq.ft (2024)
• Sanjay Gandhi Nagar 6th street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sastri Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total cost Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sastri Nagar 1st Street?

The Sub Registrar Office that covers Sastri Nagar 1st Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring compliance with local regulations.

When buying or selling property, the guideline value helps both buyers and sellers understand the minimum value at which the property can be registered. This value is essential for calculating the costs associated with the transaction, including the necessary fees and duties.

Frequently asked questions

What is the current guideline value of Sastri Nagar 1st Street?

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

How has the guideline value changed over the years?

The guideline value was Rs 1,200 per sq.ft in 2012 and increased to Rs 1,300 per sq.ft in 2024, marking an 8% rise. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the median guideline value in Tondaiarpet?

The median guideline value in Tondaiarpet is Rs 1,600 per sq.ft. Sastri Nagar 1st Street's 2024 figure of Rs 1,300 per sq.ft is below this median.

What are the stamp duty and registration fees for property in Sastri Nagar 1st Street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 13,00,000. The stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office covers Sastri Nagar 1st Street?

The Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021, covers Sastri Nagar 1st Street.