Guideline Value for Sri Sathya Nagar Phase 3

Sri Sathya Nagar Phase 3 guideline value

The current guideline value for Sri Sathya Nagar Phase 3 is Rs 700 per sq.ft. This area is located in Perumattu Nellore village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - II.

How the guideline value of Sri Sathya Nagar Phase 3 has changed

The guideline value for Sri Sathya Nagar Phase 3 has seen several revisions over the years. The earliest recorded value was Rs 205 per sq.ft in 2007, which increased to Rs 500 per sq.ft in 2012. However, this was followed by a decrease to Rs 335 per sq.ft in 2017. The value remained stable at Rs 700 per sq.ft during the 2023 revision and continues to be Rs 700 per sq.ft in the 2024 revision, showing no change from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 241%. Notably, the jump from Rs 335 per sq.ft in 2017 to Rs 700 per sq.ft in 2023 reflects a significant increase of 109% over that period. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,850 per sq.ft. The median value is Rs 700 per sq.ft, which aligns with the current guideline value for Sri Sathya Nagar Phase 3.

• Sri Sathya Nagar Phase 2: Rs 700 per sq.ft (2024)
• Sri Sathya Nagar Phase 1: Rs 700 per sq.ft (2024)
• Sri Sathya Sai Nagar Extension: Rs 700 per sq.ft (2024)
• Sri Sathya Sai Nagar Phase-II: Rs 700 per sq.ft (2024)
• Sri Sathya Sai Nagar Phase-III: Rs 700 per sq.ft (2024)
• Sri Vaishnavi Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sathya Nagar Phase 3

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sathya Nagar Phase 3?

The Sub Registrar Office that covers Sri Sathya Nagar Phase 3 is the Chengleput Joint II 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 Perumattu Nellore

The guideline value is a crucial factor in the registration process when buying or selling property in Perumattu Nellore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value for Sri Sathya Nagar Phase 3?

The current guideline value for Sri Sathya Nagar Phase 3 is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 205 per sq.ft in 2007 to Rs 700 per sq.ft in 2024, reflecting an overall increase of 241% over the years.

What is the land classification for Sri Sathya Nagar Phase 3?

Sri Sathya Nagar Phase 3 is classified as Residential Special Type - II.

What are the stamp duty and registration fees for a property in Sri Sathya Nagar Phase 3?

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Where can I find the Sub Registrar Office for Sri Sathya Nagar Phase 3?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information online.