Guideline Value for Sathya Sai Nagar-I

Sathya Sai Nagar-I guideline value

The current guideline value of Sathya Sai Nagar-I is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Karanaipuducheri village under the Gooduvancheri SRO and is classified as Residential Class I Type - II.

How the guideline value of Sathya Sai Nagar-I has changed

The guideline value for Sathya Sai Nagar-I has undergone several revisions over the years. The 2007 revision set the value at Rs 250 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision. However, this value dropped to Rs 536 per sq.ft in the 2017 revision before rising again to Rs 800 per sq.ft in both the 2023 and 2024 revisions. Notably, the register has no figures for the years 2002 and 2003 for this street.

From the 2017 revision to the 2023 revision, there was a 49% increase, while the change from 2012 to 2017 saw a decrease of 33%. The substantial increase from the 2007 revision to the 2012 revision was 220%. Overall, from 2007 to 2024, the guideline value has increased by 220%.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft, with a median value of Rs 802 per sq.ft. The guideline value for Sathya Sai Nagar-I is slightly below this median.

• Santhosh Boora Nagar Extn: Rs 800 per sq.ft (2024)
• Santhosh Boora Nagar: Rs 800 per sq.ft (2024)
• Sakthi Vinayagar Nagar: Rs 1,000 per sq.ft (2024)
• Sairam Nagar Extension - II: Rs 1,500 per sq.ft (2024)
• Sai Ram Nagar Extension-I: Rs 700 per sq.ft (2024)
• Sairam Nagar: Rs 701 per sq.ft (2024)

Stamp duty and registration fee for property in Sathya Sai Nagar-I

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total cost for these fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sathya Sai Nagar-I?

The Sub Registrar Office that covers Sathya Sai Nagar-I 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 Karanaipuducheri

The guideline value is a crucial factor when registering property transactions in Karanaipuducheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. Buyers and sellers should 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 Sathya Sai Nagar-I?

The current guideline value of Sathya Sai Nagar-I is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and has remained at Rs 800 per sq.ft in both 2023 and 2024.

What is the median guideline value in Karanaipuducheri?

The median guideline value in Karanaipuducheri is Rs 802 per sq.ft, with Sathya Sai Nagar-I being slightly below this median.

What are the stamp duty rates for properties in Sathya Sai Nagar-I?

The stamp duty for properties in Sathya Sai Nagar-I is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sathya Sai Nagar-I?

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