Guideline Value for Sathya Priya Nagar

Sathya Priya Nagar guideline value

The current guideline value of Sathya Priya Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area falls under Ayyencheri village and is classified as Residential Special Type - II, governed by the Gooduvancheri SRO.

How the guideline value of Sathya Priya Nagar has changed

Over the years, the guideline value of Sathya Priya Nagar has seen several revisions. In the 2007 revision, the value was set at Rs 310 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a remarkable rise of 384%. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, a decline of 33%. The most recent revision in 2023 saw the guideline value rise again to Rs 1,500 per sq.ft, reflecting an increase of 49% from 2017.

It is important to note that there are no figures available for the years 2002, 2003, and 2024 in the register for this street.

Guideline values in Ayyencheri

Currently, there are no specific village figures available for Ayyencheri. Sathya Priya Nagar is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sathya Priya Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making a total of Rs 1,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sathya Priya Nagar?

The Sub Registrar Office that covers Sathya Priya Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Ayyencheri. When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Additionally, the guideline value is regularly updated to reflect changes in the real estate market. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their transactions accurately.

Frequently asked questions

What is the current guideline value of Sathya Priya Nagar?

The current guideline value of Sathya Priya Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased by 384% overall, with notable changes in subsequent revisions, including a decrease from 2012 to 2017 and an increase from 2017 to 2023.

What are the stamp duty and registration fees for properties in Sathya Priya Nagar?

The stamp duty is charged at 7% and the registration fee at 2%. For example, a property valued at Rs 15,00,000 would incur a total fee of Rs 1,35,000, combining both duties.

Which Sub Registrar Office is responsible for Sathya Priya Nagar?

The Gooduvancheri Sub Registrar Office is responsible for Sathya Priya Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there other streets in Ayyencheri with guideline values?

Currently, there are no other streets in Ayyencheri listed under the Gooduvancheri SRO with specific guideline values provided.