Guideline Value for Shri Sathya Sai Nagar (Phase-1,2)

Shri Sathya Sai Nagar (Phase-1,2) guideline value

The current guideline value for Shri Sathya Sai Nagar (Phase-1,2) is Rs 1,500 per sq.ft. This area is located in Ayyencheri village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Shri Sathya Sai Nagar (Phase-1,2) has changed

The guideline value for Shri Sathya Sai Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 370 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 305%. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, reflecting a drop of 33%. The most recent revision in 2023 brought the value back up to Rs 1,500 per sq.ft, which is a 49% increase from the 2017 figure.

Overall, from 2007 to 2023, the guideline value has increased by 305%. It is worth noting that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Ayyencheri

Currently, there are no specific village figures available for Ayyencheri. Shri Sathya Sai Nagar (Phase-1,2) is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Shri Sathya Sai Nagar (Phase-1,2)

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, leading to a total of Rs 1,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shri Sathya Sai Nagar (Phase-1,2)?

The Shri Sathya Sai Nagar (Phase-1,2) area is covered by 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 Ayyencheri

The guideline value is an important factor in the registration process when buying or selling property in Ayyencheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Shri Sathya Sai Nagar (Phase-1,2)?

The current guideline value of Shri Sathya Sai Nagar (Phase-1,2) is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 370 per sq.ft to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Shri Sathya Sai Nagar (Phase-1,2) is 7% of the guideline value or 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, Guduvancheri-603202, Chengalpattu registration zone.

Is there a calculator for stamp duty and registration fees?

Yes, there is a stamp duty and registration fee calculator available online for calculating the applicable fees based on the guideline value.