Guideline Value for Sathya Sai Nagar

Sathya Sai Nagar guideline value

The current guideline value of Sathya Sai Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Valarpuram village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sathya Sai Nagar has changed

Over the years, the guideline value of Sathya Sai Nagar has seen several revisions. In 2007, the guideline value was Rs 100 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012, marking a 200% increase. However, in the subsequent revision in 2017, the value was adjusted to Rs 201 per sq.ft, reflecting a decrease of 33%. The value remained at Rs 300 per sq.ft in 2023 and again in 2024, showing no change between these two years.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 200%.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 2,025 per sq.ft. The median value among these streets is Rs 300 per sq.ft, which is equal to the guideline value of Sathya Sai Nagar.

• Sarojini Nagar: Rs 400 per sq.ft (2024)
• Saraswathi Nagar: Rs 400 per sq.ft (2024)
• Selva Vinayaga Nagar: Rs 200 per sq.ft (2024)
• Shriram Earth At One City: Rs 2,025 per sq.ft (2024)
• Sri Eswari Nagar Extn: Rs 200 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 300 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 300 per sq.ft, the total guideline value comes to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total cost for these fees Rs 27,000. 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 accurate 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 Valarpuram

The guideline value is a critical factor in the registration process when buying or selling property in Valarpuram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the buyer must ensure that the sale price is either equal to or higher than the guideline value. This ensures that the appropriate fees are calculated based on the higher amount, safeguarding the interests of both parties involved in the transaction.

Frequently asked questions

What is the current guideline value of Sathya Sai Nagar?

The current guideline value of Sathya Sai Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with a notable increase from Rs 100 per sq.ft in 2007. The value saw a decrease to Rs 201 per sq.ft in 2017, followed by no change in the subsequent revisions.

What is the land classification of Sathya Sai Nagar?

Sathya Sai Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

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 is the stamp duty calculated for properties in Sathya Sai Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 3,00,000 would incur a stamp duty of Rs 21,000 at 7% and a registration fee of Rs 6,000 at 2%.