Guideline Value for Sri sastha nagar

Sri sastha nagar guideline value

The current guideline value of Sri sastha nagar is Rs 1,045 per sq.ft, effective from 1 July 2024. This street is located in Santhavellur_B village, under the Sunguvarchattram SRO, and is classified as Residential Class II 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. In the 2017 revision, the value was set at Rs 700 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 1,045 per sq.ft. The latest revision in 2024 kept the guideline value at Rs 1,045 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a significant increase of 49%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 400 per sq.ft. Sri sastha nagar's current guideline value is above this median.

• Sri Saravanabhavan Nagar: Rs 501 per sq.ft (2024)
• Sri Sathya Sai Nagar(Akshara City): 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 sastha nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,045 per sq.ft, the total guideline value is Rs 10,45,000. The stamp duty at 7% amounts to Rs 73,150, and the registration fee at 2% is Rs 20,900, bringing the total fees to Rs 94,050. 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 detailed calculations.

Which Sub Registrar Office covers Sri sastha nagar?

The Sub Registrar Office covering 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_B

The guideline value plays a crucial role in the registration process of property transactions in Santhavellur_B. It is the benchmark value set by the government, which helps determine the stamp duty and registration fees applicable during a property sale or purchase.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This process is essential for maintaining transparency and accountability in real estate dealings.

Frequently asked questions

What is the current guideline value of Sri sastha nagar?

The current guideline value of Sri sastha nagar is Rs 1,045 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2017 revision to the 2024 revision, the guideline value has increased by 49%. The value remained unchanged from the 2023 revision to the 2024 revision.

What are the other streets in Santhavellur_B?

Other streets in Santhavellur_B include Sri Saravanabhavan Nagar, Sri Sathya Sai Nagar(Akshara City), Sri Usha Nagar, Sri ramanujar nagar, Srinivasa Nagar, and Sunguvarchitram Walajabad Main Road, each with their respective guideline values.

What is the stamp duty for property in Sri sastha nagar?

The stamp duty for property in Sri sastha nagar is 7% of the guideline value. For a plot valued at Rs 10,45,000, the stamp duty would be Rs 73,150.

Where can I find more information about the Sub Registrar Office?

The Sunguvarchattram Sub Registrar Office covers Sri sastha nagar, and its address is Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. More information can be found by visiting the find your SRO page.