Guideline Value for Sathiya Sai Nagar Main Road 3

Sathiya Sai Nagar Main Road 3 guideline value

The current guideline value of Sathiya Sai Nagar Main Road 3 is Rs 2,530 per sq.ft, effective from 1 July 2024. This property is located in Irumpuliyur village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Sathiya Sai Nagar Main Road 3 has changed

The guideline value for Sathiya Sai Nagar Main Road 3 has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 2,300 per sq.ft. This was followed by a decrease to Rs 1,541 per sq.ft in 2017, marking a decline of 33%. However, the value increased significantly to Rs 2,300 per sq.ft in 2023, and then to Rs 2,530 per sq.ft in 2024, reflecting a 10% increase from the previous year. The overall change from 2012 to 2024 shows a modest increase of 10%.

There are no recorded figures for the revisions in 2002, 2003, and 2007 for this street. The guideline value has thus fluctuated over the years, with notable increases in the most recent revisions.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Sathiya Sai Nagar Main Road 3 above this median.

• Sathiya Sai Nagar Main Road 2: Rs 2,530 per sq.ft (2024)
• Sathiya Sai Nagar Main Road 1: Rs 2,530 per sq.ft (2024)
• Sathya Sayee Street: Rs 2,200 per sq.ft (2024)
• Sarma Street: Rs 2,530 per sq.ft (2024)
• Santhi Nagar: Rs 2,200 per sq.ft (2024)
• Sellli amman Koil 1st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sathiya Sai Nagar Main Road 3

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, making the total cost together Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sathiya Sai Nagar Main Road 3?

The Sathiya Sai Nagar Main Road 3 falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Irumpuliyur

The guideline value plays a crucial role in the registration process when buying or selling property in Irumpuliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted at fair values as determined by the government.

When a buyer and seller agree on a sale price, the registration office will assess the guideline value. The stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value for Sathiya Sai Nagar Main Road 3?

The current guideline value for Sathiya Sai Nagar Main Road 3 is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then back to Rs 2,300 per sq.ft in 2023, and finally to Rs 2,530 per sq.ft in 2024.

What is the land classification for Sathiya Sai Nagar Main Road 3?

The land classification for Sathiya Sai Nagar Main Road 3 is Residential Special Type - I.

Which Sub Registrar Office is responsible for this area?

The Tambaram Joint 1 Sub Registrar Office is responsible for Sathiya Sai Nagar Main Road 3, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,77,100.