Guideline Value for Sri Sathya sai Nagar Ext-I

Sri Sathya sai Nagar Ext-I guideline value

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

How the guideline value of Sri Sathya sai Nagar Ext-I has changed

The guideline value for Sri Sathya sai Nagar Ext-I has seen several revisions over the years. In 2012, the value was set at Rs 800 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 536 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 800 per sq.ft. The 2024 revision maintains this value, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 800 per sq.ft.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO with a 2024 guideline value range from Rs 400 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 802 per sq.ft, placing Sri Sathya sai Nagar Ext-I slightly below this median.

• Sri Sathya Sai Nagar: 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 Ext-I

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the 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, totaling Rs 72,000. It is important to 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 more details.

Which Sub Registrar Office covers Sri Sathya sai Nagar Ext-I?

The Sub Registrar Office that covers Sri Sathya sai Nagar Ext-I is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Karanaipuducheri. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is sold, the buyer and seller must ensure that the sale price is in line with the guideline value to avoid discrepancies during registration. This helps maintain transparency in property transactions and ensures that all legal requirements are met.

Frequently asked questions

What is the current guideline value of Sri Sathya sai Nagar Ext-I?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft since 2012, with a decrease to Rs 536 per sq.ft in 2017 before returning to Rs 800 per sq.ft in 2023 and 2024. There are no figures for the revisions in 2002, 2003, and 2007 for this street.

What is the median guideline value in Karanaipuducheri?

The median guideline value for streets in Karanaipuducheri is Rs 802 per sq.ft, with Sri Sathya sai Nagar Ext-I's value being slightly below this median at Rs 800 per sq.ft.

What are the stamp duty and registration fees for properties in Sri Sathya sai Nagar Ext-I?

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. Duty is charged on the higher of the guideline value or the sale price.

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.