Guideline Value for Sathiya Sai Nagar

Sathiya Sai Nagar guideline value

The current guideline value of Sathiya Sai Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Katrampakkam village, under the jurisdiction of the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sathiya Sai Nagar has changed

Over the years, the guideline value for Sathiya Sai Nagar has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft. However, from 2017 to 2023, there was a significant increase of 50%, bringing the value back to Rs 250 per sq.ft. The 2024 revision again maintains this value at Rs 250 per sq.ft, showing no change from the previous year.

It is worth noting that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable with a 0% change.

Guideline values in Katrampakkam

Katrampakkam village has a total of 41 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 150 to Rs 800 per sq.ft. The median value is Rs 250 per sq.ft, which is equal to the guideline value of Sathiya Sai Nagar.

• Selliyamman Koil Street: Rs 300 per sq.ft (2024)
• Sifea Nagar: Rs 250 per sq.ft (2024)
• Royal Homes: Rs 400 per sq.ft (2024)
• Ram Nagar: Rs 250 per sq.ft (2024)
• Sri Bangaru Kamachi Amman Nagar: Rs 250 per sq.ft (2024)
• Sri Eswara Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sathiya Sai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Sathiya Sai Nagar?

The Sub Registrar Office that covers Sathiya Sai Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Katrampakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps in determining the legal framework for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sathiya Sai Nagar?

The current guideline value of Sathiya Sai Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since 2012, with a decrease to Rs 167 per sq.ft in 2017 and an increase back to Rs 250 per sq.ft in 2023. The value has not changed from 2023 to 2024.

What is the registration office for Sathiya Sai Nagar?

The registration office for Sathiya Sai Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What are the stamp duty and registration fees for a property in Sathiya Sai Nagar?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are based on the guideline value or the sale price, whichever is higher.

What other streets in Katrampakkam have guideline values?

Other streets in Katrampakkam include Selliyamman Koil Street at Rs 300 per sq.ft, Sifea Nagar at Rs 250 per sq.ft, Royal Homes at Rs 400 per sq.ft, Ram Nagar at Rs 250 per sq.ft, Sri Bangaru Kamachi Amman Nagar at Rs 250 per sq.ft, and Sri Eswara Nagar at Rs 400 per sq.ft for 2024.