Guideline Value for Sathya Sai Nagar

Sathya Sai Nagar guideline value

The current guideline value of Sathya Sai Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Vadakal_C village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sathya Sai Nagar has changed

Looking at the revisions, the register has no figures for Sathya Sai Nagar in the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 500 per sq.ft, which was then increased to Rs 550 per sq.ft in the 2024 revision, marking a change of +10%.

The most recent guideline value reflects the area's growth, as it is now above the median of Rs 400 per sq.ft for the 61 streets in Vadakal_C that have a 2024 figure. This indicates that Sathya Sai Nagar has a higher valuation compared to many other streets in the same village.

Guideline values in Vadakal_C

In Vadakal_C, the guideline values range from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 400 per sq.ft. Sathya Sai Nagar's 2024 figure of Rs 550 per sq.ft is above this median. Here are other streets in Vadakal_C:

• Sakthi Garden: Rs 200 per sq.ft (2024)
• Sai Nagar: Rs 550 per sq.ft (2024)
• Sivan Koil Street: Rs 300 per sq.ft (2024)
• S&P Elegance: Rs 205 per sq.ft (2024)
• Sri Aurobindo Nagar Part - II: Rs 150 per sq.ft (2024)
• Sri Aurobindo Vasantham Nature City: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sathya Sai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total cost for these fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Sathya Sai Nagar?

The Sathya Sai Nagar area is covered by 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 Vadakal_C

The guideline value plays a crucial role in the registration process of property transactions in Vadakal_C. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated fairly based on the property's valuation.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall cost of the transaction. Accurate knowledge of the guideline value helps in budgeting for additional costs associated with property registration.

Frequently asked questions

What is the current guideline value of Sathya Sai Nagar?

The current guideline value of Sathya Sai Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024, reflecting a +10% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sathya Sai Nagar?

Sathya Sai Nagar is classified as Residential Special Type - I, indicating its designated use for residential purposes within the area.

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

The Sub Registrar Office covering Sathya Sai Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.