Guideline Value for Sathiya Saibaba Nagar

Sathiya Saibaba Nagar guideline value

The current guideline value of Sathiya Saibaba Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Arani village, under the Arani_Tiruvallur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Sathiya Saibaba Nagar has changed

The guideline value for Sathiya Saibaba Nagar has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 19 per sq.ft. This increased to Rs 24 per sq.ft in 2003, marking a change of +26%. The value then rose significantly to Rs 100 per sq.ft in 2007, reflecting an increase of +317%. In 2012, the value was set at Rs 150 per sq.ft, which was a decrease of -33% from the previous revision. The 2017 revision saw another increase to Rs 100 per sq.ft, which was a +100% change from 2012. The 2023 revision maintained the value at Rs 200 per sq.ft, and the 2024 revision also set the value at Rs 200 per sq.ft, indicating no change between these two years.

There are no figures available for the years not mentioned in the revisions, so we focus solely on the years listed. Overall, from 2002 to 2024, the guideline value has increased by +953%.

Guideline values in Arani

In Arani, there are 51 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 600 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Sathiya Saibaba Nagar's 2024 value below this median.

• Sannathi Street: Rs 400 per sq.ft (2024)
• S.P.Koil Street: Rs 600 per sq.ft (2024)
• Sri Chamundeswari Nagar Annexe: Rs 250 per sq.ft (2024)
• Sri Ragavendra Nagar: Rs 200 per sq.ft (2024)
• Sri Sai Avenue: Rs 200 per sq.ft (2024)
• Sri Sathya Saibaba Nagar Extension: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sathiya Saibaba Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. 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 more detailed calculations.

Which Sub Registrar Office covers Sathiya Saibaba Nagar?

The Sub Registrar Office that covers Sathiya Saibaba Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Arani. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that all transactions are fairly assessed according to the established rates in the area.

Frequently asked questions

What is the current guideline value of Sathiya Saibaba Nagar?

The current guideline value of Sathiya Saibaba Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 19 per sq.ft in 2002 to Rs 200 per sq.ft in 2024, reflecting an overall increase of +953% over this period.

What is the land classification of Sathiya Saibaba Nagar?

Sathiya Saibaba Nagar is classified as Residential Class IV Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft incurs total fees of Rs 18,000.

Which office handles property registrations in Sathiya Saibaba Nagar?

The Arani_Tiruvallur Sub Registrar Office handles property registrations for Sathiya Saibaba Nagar, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.