Guideline Value for Sri Sathya Sai Nagar

Sri Sathya Sai Nagar guideline value

The current guideline value of Sri Sathya Sai Nagar, located in Karanaipuducheri village under the Gooduvancheri SRO, is Rs 800 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Sri Sathya Sai Nagar has changed

The guideline value for Sri Sathya Sai Nagar has seen several revisions over the years. The earliest recorded revision was in 2007, setting the value at Rs 250 per sq.ft. This figure increased significantly to Rs 800 per sq.ft in 2012, marking a 220% rise. However, in 2017, the value dropped to Rs 536 per sq.ft, a decrease of 33%. The 2023 revision maintained the value at Rs 800 per sq.ft, and the current revision in 2024 also holds it at Rs 800 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 220%.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft, with a median value of Rs 802 per sq.ft. The guideline value for Sri Sathya Sai Nagar is below this median.

• Sri Sathya sai Nagar Ext-I: Rs 800 per sq.ft (2024)
• Sri Vaisnavi Nagar: Rs 1,000 per sq.ft (2024)
• Sri Vasudeva Nagar: Rs 1,000 per sq.ft (2024)
• Sri Saibaba Nagar: Rs 1,200 per sq.ft (2024)
• Subasri Nagar: Rs 1,200 per sq.ft (2024)
• Sri Padmavathi Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sathya Sai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total charges to Rs 72,000. 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?

The Sub Registrar Office that covers Sri Sathya Sai Nagar is 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 Karanaipuducheri

The guideline value plays a crucial role in property transactions in Karanaipuducheri. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. When registering a property, the guideline value is assessed to ensure that the appropriate fees are calculated based on either the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it directly impacts the overall cost of property transactions. It helps in ensuring transparency and compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sri Sathya Sai Nagar?

The current guideline value of Sri Sathya Sai Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 800 per sq.ft in both 2023 and 2024. The value increased from Rs 250 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017 before stabilizing at Rs 800 per sq.ft.

What is the median guideline value in Karanaipuducheri?

The median guideline value in Karanaipuducheri is Rs 802 per sq.ft, while Sri Sathya Sai Nagar's current value is slightly below this median.

What are the stamp duty and registration fees for properties in Sri Sathya Sai Nagar?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are based on the guideline value or the 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.