Guideline Value for Shri Sathya Sai Nagar (Phase-3)

Shri Sathya Sai Nagar (Phase-3) guideline value

The current guideline value of Shri Sathya Sai Nagar (Phase-3) is Rs 1,500 per sq.ft, as per the 2023 revision. This area is located in Ayyencheri village and falls under the Gooduvancheri Sub Registrar Office (SRO). The land classification for this locality is Residential Special Type - II.

How the guideline value of Shri Sathya Sai Nagar (Phase-3) has changed

The guideline value for Shri Sathya Sai Nagar (Phase-3) has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 400 per sq.ft, which saw a significant increase to Rs 1,500 per sq.ft in the 2012 revision. This was a remarkable rise of 275%. However, the 2017 revision marked a decrease to Rs 1,005 per sq.ft, a drop of 33%. The most recent revision in 2023 restored the value to Rs 1,500 per sq.ft, reflecting an increase of 49% from the 2017 figure. Overall, from 2007 to 2023, the guideline value has increased by 275%.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Ayyencheri

Currently, there are no specific guideline values provided for other streets in Ayyencheri. Shri Sathya Sai Nagar (Phase-3) stands out with its current guideline value of Rs 1,500 per sq.ft.

Stamp duty and registration fee for property in Shri Sathya Sai Nagar (Phase-3)

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, bringing the total to Rs 1,35,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Shri Sathya Sai Nagar (Phase-3)?

The Sub Registrar Office that covers Shri Sathya Sai Nagar (Phase-3) is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ayyencheri. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted transparently and fairly.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Shri Sathya Sai Nagar (Phase-3)?

The current guideline value of Shri Sathya Sai Nagar (Phase-3) 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 changed from Rs 400 per sq.ft to Rs 1,500 per sq.ft in 2012, decreased to Rs 1,005 per sq.ft in 2017, and returned to Rs 1,500 per sq.ft in 2023. Overall, this represents a 275% increase from 2007 to 2023.

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

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office serves Shri Sathya Sai Nagar (Phase-3)?

The Gooduvancheri Sub Registrar Office serves Shri Sathya Sai Nagar (Phase-3), located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there other streets in Ayyencheri with guideline values?

Currently, there are no specific guideline values available for other streets in Ayyencheri. Shri Sathya Sai Nagar (Phase-3) is the only street with a defined guideline value of Rs 1,500 per sq.ft.