Guideline Value for A.SATHANTHAPURAM (NEW COLONY)

A.Sathanthapuram (New Colony) guideline value

The current guideline value of A.Sathanthapuram (New Colony) is Rs 2,800 per sq.ft, effective from 1 July 2024. This area is located in Thiruvottiyur village and falls under the Thiruvottiyur SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of A.Sathanthapuram (New Colony) has changed

The guideline value for A.Sathanthapuram (New Colony) has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 600 per sq.ft. This increased significantly to Rs 2,600 per sq.ft in 2012, marking a rise of 333%. However, from 2012 to 2017, the value decreased to Rs 1,742 per sq.ft, a decline of 33%. The value then saw a substantial increase to Rs 2,600 per sq.ft in 2023, followed by another increase to Rs 2,800 per sq.ft in 2024, reflecting an 8% rise.

In total, from 2007 to 2024, the guideline value has increased by 367%. It is important to note that the register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 8,600 per sq.ft, with a median value of Rs 3,300 per sq.ft. A.Sathanthapuram (New Colony) is below this median value.

• Ashok Avenue: Rs 2,400 per sq.ft (2024)
• Ashok Leyland Colony: Rs 1,300 per sq.ft (2024)
• Appar Samy Koil Street: Rs 3,300 per sq.ft (2024)
• Appar Nagar: Rs 2,150 per sq.ft (2024)
• Anna Nagar (Egavaliyamman Koil Street): Rs 3,300 per sq.ft (2024)
• Babu Jajeevan Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in A.Sathanthapuram (New Colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can calculate these fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.Sathanthapuram (New Colony)?

The Sub Registrar Office that covers A.Sathanthapuram (New Colony) is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO online.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruvottiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When a property is registered, the higher value between the guideline value and the sale price is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of A.Sathanthapuram (New Colony)?

The current guideline value of A.Sathanthapuram (New Colony) is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, marking an overall increase of 367% over the years.

What is the land classification of A.Sathanthapuram (New Colony)?

The land classification for A.Sathanthapuram (New Colony) is Residential Special Type - III.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated in A.Sathanthapuram (New Colony)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 at a rate of 7%.