Guideline Value for SathyaGiraganagar

SathyaGiraganagar guideline value

The current guideline value of SathyaGiraganagar, located in Thirumani village under the Chengleput Joint I SRO, is Rs 601 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of SathyaGiraganagar has changed

Over the years, the guideline value of SathyaGiraganagar has seen several revisions. The earliest recorded value was Rs 92 per sq.ft in 2007, which significantly increased to Rs 600 per sq.ft in 2012. However, it dropped to Rs 402 per sq.ft in 2017. The value then rose to Rs 600 per sq.ft in 2023, and currently stands at Rs 601 per sq.ft from the 2024 revision. The register has no figures for this street for the years 2002 and 2003.

In terms of percentage changes, from 2007 to 2012, the guideline value increased by 552%. However, it decreased by 33% from 2012 to 2017. The value then saw a significant rise of 49% from 2017 to 2023, and has remained stable from 2023 to 2024, with no change. Overall, from 2007 to 2024, the guideline value has increased by 553%.

Guideline values in Thirumani

In Thirumani village, seven streets under the Chengleput Joint I SRO have a 2024 guideline value ranging from Rs 400 to Rs 601 per sq.ft, with a median value of Rs 500 per sq.ft. SathyaGiraganagar's 2024 figure of Rs 601 per sq.ft is above this median.

• PTN EnClave: Rs 500 per sq.ft (2024)
• Sri Sai Garden: Rs 601 per sq.ft (2024)
• Thirumalai Nagar: Rs 400 per sq.ft (2024)
• Malar Avenue: Rs 400 per sq.ft (2024)
• Krishnamurthi Nagar: Rs 601 per sq.ft (2024)
• Annai Sathya Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in SathyaGiraganagar

For a 1,000 sq.ft plot at the current guideline value of Rs 601 per sq.ft, the total guideline value would be Rs 6,01,000. The stamp duty at 7% would amount to Rs 42,070, and the registration fee at 2% would be Rs 12,020, leading to a total of Rs 54,090. It is important to note that 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 details.

Which Sub Registrar Office covers SathyaGiraganagar?

The Sub Registrar Office that covers SathyaGiraganagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thirumani. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value as it directly impacts the financial obligations during the registration process. Buyers should ensure they are informed about the current guideline value to avoid any unexpected costs.

Frequently asked questions

What is the current guideline value of SathyaGiraganagar?

The current guideline value of SathyaGiraganagar is Rs 601 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 92 per sq.ft in 2007 to Rs 601 per sq.ft in 2024, marking an overall increase of 553%.

What are the stamp duty and registration fees for property in SathyaGiraganagar?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total costs would be Rs 54,090.

Which Sub Registrar Office covers SathyaGiraganagar?

The Chengleput Joint I Sub Registrar Office covers SathyaGiraganagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of SathyaGiraganagar?

The land classification of SathyaGiraganagar is Mixed Type - I.