Guideline Value for B.SATHANTHAPURAM

B.Sathanthapuram guideline value

The current guideline value of B.Sathanthapuram is Rs 2,800 per sq.ft, effective from 1 July 2024. This village falls under the Thiruvottiyur SRO and is classified as Residential Special Type - III.

How the guideline value of B.Sathanthapuram has changed

The guideline value for B.Sathanthapuram has seen several revisions over the years. In the 2007 revision, the rate was Rs 600 per sq.ft, which increased significantly to Rs 2,600 per sq.ft in 2012, marking a rise of 333%. However, the value dropped to Rs 1,742 per sq.ft in the 2017 revision, reflecting a decrease of 33%. The value then increased to Rs 2,600 per sq.ft in 2023, and most recently, it has risen to Rs 2,800 per sq.ft in the 2024 revision, an increase of 8% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 367%. The register has no 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. B.Sathanthapuram's current guideline value is below this median.

• Cauvery Nagar: Rs 3,300 per sq.ft (2024)
• Chairman T.K.P . Nagar: Rs 3,700 per sq.ft (2024)
• Charless Nagar/Streets/Cross Streets: Rs 1,500 per sq.ft (2024)
• CHINNAMETTUPALAYAM Nagar/ Streets: Rs 3,300 per sq.ft (2024)
• Bharathi Nagar: Rs 3,300 per sq.ft (2024)
• B.B.Tharka Road: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in B.Sathanthapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% is Rs 1,96,000, and the registration fee at 2% is Rs 56,000, bringing the total to Rs 2,52,000. It is important to note that 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 B.Sathanthapuram?

B.Sathanthapuram is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Thiruvottiyur. It is used as a benchmark for calculating stamp duty and registration fees when a property is bought or sold. Buyers and sellers must be aware of this value to ensure compliance with the registration process.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of B.Sathanthapuram?

The current guideline value of B.Sathanthapuram 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 significantly 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 for B.Sathanthapuram?

B.Sathanthapuram is classified as Residential Special Type - III under the Thiruvottiyur SRO.

What are the stamp duty rates in B.Sathanthapuram?

The stamp duty in B.Sathanthapuram is charged at a rate of 7% on the higher of the guideline value or the sale price.

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.