Guideline Value for Sri sastha nagar

Sri sastha nagar guideline value

The current guideline value for Sri Sastha Nagar is Rs 1,045 per sq.ft, effective from 1 July 2024. This area is located in Santhavellur_C village under the Sunguvarchattram SRO, 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 undergone several revisions over the years. The most recent revision in 2024 maintains the value at Rs 1,045 per sq.ft, which is the same as the 2023 revision. Prior to this, in 2017, the guideline value was Rs 700 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

It is important to note that the register does not have figures for the years 2002, 2003, 2007, and 2012 for this street. The absence of figures for these years indicates that there were no recorded changes in the guideline value during that time.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Sri Sastha Nagar's 2024 value above the median.

• Sri Saravanabhavan Nagar: Rs 1,000 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)
• Sri Andal Nagar: Rs 300 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 amounts to Rs 10,45,000. The stamp duty at 7% would be Rs 73,150, while the registration fee at 2% would be Rs 20,900, bringing the total cost for these fees to Rs 94,050. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

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, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. To find your specific SRO, you can visit this link.

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

The guideline value is a crucial factor when buying or selling property in Santhavellur_C. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is used to assess the applicable charges, which can affect the overall cost of the transaction. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value for Sri sastha nagar?

The current guideline value for Sri Sastha Nagar is Rs 1,045 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Sastha Nagar has remained at Rs 1,045 per sq.ft from 2023 to 2024. It increased from Rs 700 per sq.ft in 2017 to Rs 1,045 per sq.ft in 2023, reflecting a 49% increase over that period.

What is the land classification for Sri sastha nagar?

Sri Sastha Nagar is classified as Residential Class II Type - II, indicating its suitability for residential development.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 10,45,000, the total fees would amount to Rs 94,050.

Where is the Sub Registrar Office for Sri sastha nagar located?

The Sub Registrar Office for Sri Sastha Nagar is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, in the Chengalpattu registration zone.