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Guideline Value

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Guideline Value for Sathiya Sai Nagar 2nd Main Road

₹2700/sq.ft.

The guideline value for Sathiya Sai Nagar 2nd Main Road in Rajakilpakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Rajakilpakkam

Village

Selaiyur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sathiya Sai Nagar 2nd Main Road

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Sathiya Sai Nagar 2nd Main Road guideline value

The current guideline value of Sathiya Sai Nagar 2nd Main Road is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sathiya Sai Nagar 2nd Main Road has changed

The guideline value for Sathiya Sai Nagar 2nd Main Road has seen several revisions over the years. The earliest revision available is from 2012, which set the value at Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017, which was a reduction of 33%. In 2023, the guideline value increased to Rs 2,500 per sq.ft, and then further rose to Rs 2,700 per sq.ft in 2024, marking an 8% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 2,500 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by 8%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 2,150 per sq.ft, placing Sathiya Sai Nagar 2nd Main Road above this median at Rs 2,700 per sq.ft.

Stamp duty and registration fee for property in Sathiya Sai Nagar 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty is charged at 7%, which totals Rs 1,89,000, and the registration fee is 2%, amounting to Rs 54,000. Together, these fees amount to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathiya Sai Nagar 2nd Main Road?

The Sub Registrar Office that covers Sathiya Sai Nagar 2nd Main Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Rajakilpakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid issues during registration.

Frequently asked questions

What is the current guideline value of Sathiya Sai Nagar 2nd Main Road?

The current guideline value of Sathiya Sai Nagar 2nd Main Road is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then back to Rs 2,500 per sq.ft in 2023, finally reaching Rs 2,700 per sq.ft in 2024.

What is the land classification of Sathiya Sai Nagar 2nd Main Road?

Sathiya Sai Nagar 2nd Main Road is classified as Residential Special Type - I.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 27,00,000, the stamp duty is Rs 1,89,000 and the registration fee is Rs 54,000, totaling Rs 2,43,000.

Which office handles registrations for Sathiya Sai Nagar 2nd Main Road?

The Selaiyur Sub Registrar Office handles registrations for Sathiya Sai Nagar 2nd Main Road, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.