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_C 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 2017 revision set the value at Rs 335 per sq.ft, which remained unchanged at Rs 500 per sq.ft in the 2023 revision. The most recent 2024 revision also maintains the value at Rs 500 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49%. The consistency in the guideline value from 2023 to 2024 shows stability in the pricing for this area.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO with the 2024 guideline values ranging from Rs 150 to Rs 1,500 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Sri sathya sai Nagar's 2024 value above this median.

• Sri Vari Nagar: Rs 400 per sq.ft (2024)
• Sri Ramanuja Residency lay out: Rs 550 per sq.ft (2024)
• Sriperumpudur Chengalpattu Road: Rs 600 per sq.ft (2024)
• Sri Madha Nagar: Rs 500 per sq.ft (2024)
• Thalaiyari Street: Rs 150 per sq.ft (2024)
• Sri Dhanushkodi Garden: Rs 600 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 would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, while the registration fee at 2% would be Rs 10,000, leading to a total of Rs 45,000 for registration. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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 details.

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

The guideline value is a critical factor when buying or selling property in Vadakal_C. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that transactions are conducted fairly and transparently.

When registering a property, the guideline value helps in assessing the official value of the property, which is essential for tax calculations and legal documentation. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

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 since the 2023 revision. It increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What is the land classification of Sri sathya sai Nagar?

Sri sathya sai Nagar is classified as Residential Special Type - II, which indicates its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot at the current rate, the total fees would be Rs 45,000.

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. You can also find your SRO using the provided link.