Guideline Value for Dr.SatayavaniMuthu Street

Dr.SatayavaniMuthu Street guideline value

The current guideline value of Dr.SatayavaniMuthu Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal Sub Registrar Office (SRO), and is classified as Residential Class III Type - II.

How the guideline value of Dr.SatayavaniMuthu Street has changed

The guideline value for Dr.SatayavaniMuthu Street has seen significant changes over the years. In 2002, the value was Rs 163 per sq.ft, which increased to Rs 185 per sq.ft in 2003, marking a rise of 13%. The value continued to rise, reaching Rs 260 per sq.ft in 2007, which was a 41% increase from the previous revision. By 2017, the guideline value had jumped to Rs 1,072 per sq.ft, reflecting a substantial increase of 312%. In 2023, the value was Rs 1,600 per sq.ft, and the latest revision in 2024 has set the value at Rs 1,760 per sq.ft, a 10% increase from the previous year.

It is important to note that there is no figure available for the 2012 revision for this street. Overall, from 2002 to 2024, the guideline value has increased by an impressive 980%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Dr.SatayavaniMuthu Street's 2024 figure below that median.

• Dr. Zaheer Hussian Street / Muthamzhai Nagar: Rs 2,475 per sq.ft (2024)
• Dr. Rajendara Prasad Street /VOC Nagar: Rs 2,750 per sq.ft (2024)
• Dr.Radhakrishnan Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Dr.Radhakrishnan Street, Anna Nagar: Rs 2,750 per sq.ft (2024)
• Dulasingam Street / Samundeswari Nagar: Rs 1,980 per sq.ft (2024)
• Durairaj Street /Gandhi Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.SatayavaniMuthu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr.SatayavaniMuthu Street?

The Sub Registrar Office that covers Dr.SatayavaniMuthu Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When a property transaction occurs, the buyer and seller must refer to the guideline value to determine the applicable fees. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Dr.SatayavaniMuthu Street?

The current guideline value of Dr.SatayavaniMuthu Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has significantly increased from Rs 163 per sq.ft in 2002 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 980% over the years.

What is the land classification for Dr.SatayavaniMuthu Street?

Dr.SatayavaniMuthu Street is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Dr.SatayavaniMuthu Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Pammal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 17,60,000 would incur a stamp duty of Rs 1,23,200 at 7%.