Guideline Value for Sri sastha nagar

Sri sastha nagar guideline value

The current guideline value of Sri sastha nagar is Rs 1,046 per sq.ft, effective from 1 July 2024. This area is located in Santhavellur village under the Sunguvarchattram SRO, and it is classified as Commercial Special Type - II.

How the guideline value of Sri sastha nagar has changed

The guideline value for Sri sastha nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,046 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 700 per sq.ft. This indicates a significant increase of 49% from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,800 per sq.ft, with the median being Rs 500 per sq.ft. The guideline value for Sri sastha nagar is above this median.

• Sri Saravanabhavan Nagar: Rs 1,000 per sq.ft (2024)
• Sri Usha Nagar: Rs 700 per sq.ft (2024)
• Sri vishnu gardens: Rs 600 per sq.ft (2024)
• Sri ramanujar nagar: Rs 600 per sq.ft (2024)
• Srinivasa Nagar: Rs 305 per sq.ft (2024)
• Sunguvarchitram Walajabad Main Road: Rs 1,750 per sq.ft (2024)

Stamp duty and registration fee for property in Sri sastha nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,046 per sq.ft, the guideline value amounts to Rs 10,46,000. The stamp duty at 7% would be Rs 73,220, and the registration fee at 2% would be Rs 20,920, totaling Rs 94,140. 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 sastha nagar?

The Sub Registrar Office that covers Sri sastha nagar 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

The guideline value is a crucial factor during property registration in Santhavellur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the guideline value to ensure compliance with the regulations set by the Registration Department.

When a property is sold, the guideline value serves as a benchmark for the transaction. It helps in establishing a fair price for the property, ensuring that both parties are aware of the official value as per the local government regulations.

Frequently asked questions

What is the current guideline value of Sri sastha nagar?

The current guideline value of Sri sastha nagar is Rs 1,046 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 700 per sq.ft in 2017 to Rs 1,046 per sq.ft in 2024, marking a 49% increase overall during this period. The value remained the same from 2023 to 2024.

What are the stamp duty and registration fees for properties in Sri sastha nagar?

For a property valued at Rs 10,46,000, the stamp duty would be Rs 73,220 and the registration fee would be Rs 20,920, totaling Rs 94,140. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Sri sastha nagar?

The Sunguvarchattram Sub Registrar Office covers Sri sastha nagar, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

What is the land classification of Sri sastha nagar?

Sri sastha nagar is classified as Commercial Special Type - II, which is relevant for understanding the usage and potential of the land in this area.