Guideline Value for Sri Sathya Sai Nagar(Akshara City)

Sri Sathya Sai Nagar(Akshara City) guideline value

The current guideline value of Sri Sathya Sai Nagar(Akshara City) is Rs 501 per sq.ft, effective from 1 July 2024. This locality is situated in Santhavellur_B village, under the Sunguvarchattram SRO, and is classified as Mixed Type - I land.

How the guideline value of Sri Sathya Sai Nagar(Akshara City) has changed

Over the years, the guideline value for Sri Sathya Sai Nagar(Akshara City) has seen minimal changes. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that in 2023, the guideline value was Rs 500 per sq.ft, which saw no increase in the 2024 revision, maintaining a value of Rs 501 per sq.ft.

The transition from the 2023 to the 2024 revision reflects a change of +0%. The current guideline value is slightly above the median value of Rs 400 per sq.ft for the 55 streets in Santhavellur_B that have a 2024 figure.

Guideline values in Santhavellur_B

In Santhavellur_B, the guideline values for various streets range from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 400 per sq.ft. Sri Sathya Sai Nagar(Akshara City) has a guideline value of Rs 501 per sq.ft, which is above this median.

• Sri sastha nagar: Rs 1,045 per sq.ft (2024)
• Sri Saravanabhavan Nagar: Rs 501 per sq.ft (2024)
• Sri Usha Nagar: Rs 700 per sq.ft (2024)
• Sri ramanujar nagar: Rs 600 per sq.ft (2024)
• Srinivasa Nagar: Rs 300 per sq.ft (2024)
• Sunguvarchitram Walajabad Main Road: Rs 1,750 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sathya Sai Nagar(Akshara City)

For a 1,000 sq.ft plot at the current guideline value of Rs 501 per sq.ft, the total guideline value would be Rs 5,01,000. The stamp duty at 7% would amount to Rs 35,070, while the registration fee at 2% would be Rs 10,020. Together, these fees would total Rs 45,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sathya Sai Nagar(Akshara City)?

The Sub Registrar Office that covers Sri Sathya Sai Nagar(Akshara City) is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Santhavellur_B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the fees, ensuring that the transaction is compliant with the regulations set by the Registration Department. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sri Sathya Sai Nagar(Akshara City)?

The current guideline value of Sri Sathya Sai Nagar(Akshara City) is Rs 501 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen minimal changes, with the 2023 revision at Rs 500 per sq.ft and the 2024 revision at Rs 501 per sq.ft, reflecting a change of +0%.

What is the land classification of Sri Sathya Sai Nagar(Akshara City)?

Sri Sathya Sai Nagar(Akshara City) is classified as Mixed Type - I land, which influences its guideline value.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sri Sathya Sai Nagar(Akshara City) is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total fee would include both stamp duty and registration fees.