Guideline Value for Sri sathya sai Nagar
₹500/sq.ft.
The guideline value for Sri Sathya Sai Nagar in Vadakal village (Sriperumpudur SRO, Chengalpattu zone) is Rs 500 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Vadakal
Village
Sriperumpudur
SRO
Residential Special Type - II
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹500 /sq.ft. |
| From 1-4-2023 | ₹500 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹335 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹500 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹80 /sq.ft. |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Sri Sathya Sai Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Sriperumpudur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sri sathya sai Nagar guideline value
The current guideline value of Sri sathya sai Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Vadakal village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Special Type - II.
How the guideline value of Sri sathya sai Nagar has changed
Over the years, the guideline value for Sri sathya sai Nagar has seen several revisions. The 2007 revision set the value at Rs 80 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, there was a decrease to Rs 335 per sq.ft in 2017. The value remained unchanged at Rs 500 per sq.ft in both the 2023 and 2024 revisions, indicating no change from 2023 to 2024.
From the 2017 revision to the 2023 revision, there was an increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 525%. The register does not contain figures for the years 2002 and 2003 for this street.
Guideline values in Vadakal
In Vadakal village, there are 31 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Sri sathya sai Nagar is above this median.
- Sriperumpudur Chengalpattu Road: Rs 600 per sq.ft (2024)
- Thalaiyari Street: Rs 150 per sq.ft (2024)
- Sri Dhanushkodi Garden: Rs 610 per sq.ft (2024)
- Theepanji Amman Koil Street: Rs 150 per sq.ft (2024)
- Theruveedhiyamman Koil Street: Rs 150 per sq.ft (2024)
- Sri Aurobindo Vasantham Nature City: Rs 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 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total cost for these fees to Rs 45,000. 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Vadakal
The guideline value plays a crucial role during the property registration process. It is used to calculate the stamp duty and registration fees that must be paid when a property is bought or sold. This ensures that the transaction is recorded accurately in accordance with the prevailing regulations.
When buyers or sellers engage in a property transaction, the guideline value serves as a benchmark for determining the minimum value of the property. This helps in maintaining transparency and consistency in property transactions within the region.
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 500 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 80 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017, and remained at Rs 500 per sq.ft in both 2023 and 2024.
What are the other streets in Vadakal with their guideline values?
Other streets in Vadakal include Sriperumpudur Chengalpattu Road at Rs 600 per sq.ft, Thalaiyari Street at Rs 150 per sq.ft, and Sri Dhanushkodi Garden at Rs 610 per sq.ft, among others.
What fees are associated with buying property in Sri sathya sai Nagar?
When buying property in Sri sathya sai Nagar, you will need to pay stamp duty at 7% and a registration fee at 2% based on the guideline value or the sale price, whichever is higher.
Where can I find the Sub Registrar Office for Sri sathya sai Nagar?
The Sub Registrar Office for Sri sathya sai Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.
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