Guideline Value for Satha Giri Nagar

Satha Giri Nagar guideline value

The current guideline value of Satha Giri Nagar is Rs 1,195 per sq.ft, as per the 2023 revision. This area falls under Ayyencheri village and is governed by the Gooduvancheri SRO. The land classification for this locality is Residential Class I Type - I.

How the guideline value of Satha Giri Nagar has changed

The guideline value of Satha Giri Nagar has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,000 per sq.ft. This value decreased to Rs 800 per sq.ft in the 2017 revision, marking a decline of 20%. However, from 2017 to 2023, there was a significant increase of 49%, raising the value to the current rate of Rs 1,195 per sq.ft. Overall, from 2012 to 2023, the guideline value has increased by 20%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street. Thus, the only relevant figures are from the 2012, 2017, and 2023 revisions.

Guideline values in Ayyencheri

Currently, there are no specific village figures available for Ayyencheri. Satha Giri Nagar is the only street mentioned under the Gooduvancheri SRO. Therefore, there are no other streets in Ayyencheri to list.

Stamp duty and registration fee for property in Satha Giri Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,195 per sq.ft, the guideline value amounts to Rs 11,95,000. The stamp duty, charged at 7%, would be Rs 83,650, while the registration fee at 2% would be Rs 23,900. Together, the total cost for these fees would be Rs 1,07,550. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Satha Giri Nagar?

The Satha Giri Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ayyencheri. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for anyone involved in real estate transactions in the area. It ensures that all parties are aware of the financial obligations associated with property registration, thereby facilitating a smoother process.

Frequently asked questions

What is the current guideline value of Satha Giri Nagar?

The current guideline value of Satha Giri Nagar is Rs 1,195 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 800 per sq.ft in 2017, and then increased to Rs 1,195 per sq.ft in 2023. This represents a 20% overall increase from 2012 to 2023.

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

For a 1,000 sq.ft plot, the stamp duty is Rs 83,650 and the registration fee is Rs 23,900, totaling Rs 1,07,550. These fees are based on the guideline value of Rs 11,95,000.

Which Sub Registrar Office covers Satha Giri Nagar?

The Gooduvancheri Sub Registrar Office covers Satha Giri Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there any other streets in Ayyencheri with guideline values?

Currently, there are no other streets in Ayyencheri listed under the Gooduvancheri SRO. Satha Giri Nagar is the only street mentioned.