Guideline Value for Sathya Sai Nagar

Sathya Sai Nagar guideline value

The current guideline value of Sathya Sai Nagar is Rs 600 per sq.ft. This area is located in Arungal village, under the Gooduvancheri SRO, classified as Residential Special Type - II.

How the guideline value of Sathya Sai Nagar has changed

The guideline value for Sathya Sai Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft. This remained unchanged until the next revision in 2017, where it decreased to Rs 402 per sq.ft, marking a decline of 33%. However, the most recent revision in 2023 saw a significant increase to Rs 600 per sq.ft, reflecting a rise of 49% from the 2017 figure.

Overall, comparing the figures from 2012 to 2023, there has been no change in the guideline value, remaining at Rs 600 per sq.ft. The register does not provide figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Arungal

Currently, there are no specific village figures available for Arungal. Sathya Sai Nagar is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sathya Sai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, resulting in a total of Rs 54,000. 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 Sai Nagar?

The Sathya Sai Nagar area falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Arungal. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When a property transaction occurs, the guideline value is used to determine the applicable fees, which are mandated by the Registration Department. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sathya Sai Nagar?

The current guideline value of Sathya Sai Nagar is Rs 600 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

Since 2012, the guideline value has remained at Rs 600 per sq.ft, despite a drop to Rs 402 per sq.ft in 2017. The value increased back to Rs 600 per sq.ft in 2023.

What is the stamp duty rate for property in Sathya Sai Nagar?

The stamp duty rate for property transactions in Sathya Sai Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors including land classification. It serves as a standard for calculating stamp duty and registration fees during property transactions.