Guideline Value for Sri sathya sai Nagar

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_B village under the Sriperumpudur SRO, classified as Residential Special Type - II.

How the guideline value of Sri sathya sai Nagar has changed

The guideline value for Sri sathya sai Nagar has undergone several revisions over the years. The most recent revision in 2024 maintains the value at Rs 500 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision set the value at Rs 335 per sq.ft, showing a significant increase of 49% from 2017 to 2023 and maintaining the same value from 2023 to 2024.

There are no figures available in the register for the years 2002, 2003, 2007, and 2012 for this street. Thus, the only revisions with figures are from 2017, 2023, and 2024.

Guideline values in Vadakal_B

In Vadakal_B, there are 34 streets under the Sriperumpudur SRO, with 2024 guideline values ranging from Rs 150 to Rs 1,900 per sq.ft. The median value is Rs 300 per sq.ft, placing Sri sathya sai Nagar above this median.

• Sriperumpudur Chengalpattu Road: Rs 600 per sq.ft (2024)
• Thalaiyari Street: Rs 150 per sq.ft (2024)
• Sri Dhanushkodi Garden: Rs 600 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 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.

You can use the stamp duty and registration fee calculator for more information on calculating these fees.

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 details.

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

The guideline value is a crucial factor when registering property transactions in Vadakal_B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer or seller engages in a property transaction, the guideline value is referred to during registration to calculate the applicable fees. This ensures transparency and compliance with the regulations set forth by the Registration Department.

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 remained at Rs 500 per sq.ft from 2023 to 2024, and it increased by 49% from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023.

What are the other streets in Vadakal_B and their guideline values?

Other streets in Vadakal_B have varying guideline values, ranging from Rs 150 to Rs 600 per sq.ft. For example, Sriperumpudur Chengalpattu Road and Sri Dhanushkodi Garden both have a guideline value of Rs 600 per sq.ft in 2024.

What is the stamp duty rate for properties in Sri sathya sai Nagar?

The stamp duty rate for properties in Sri sathya sai Nagar is 7% of 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.