Guideline Value for SATHANOOR KALAKKAPUDUR

Sathanoor Kalakkapudur guideline value

The current guideline value of Sathanoor Kalakkapudur is Rs 660 per sq.ft, effective from 1 July 2024. This property is located in Mathuranthagam village under the Madurandakam SRO, classified as Residential Special Type - III.

How the guideline value of Sathanoor Kalakkapudur has changed

Over the years, the guideline value for Sathanoor Kalakkapudur has seen significant changes. The 2007 revision set the value at Rs 60 per sq.ft, which rose dramatically to Rs 600 per sq.ft in the 2012 revision, marking a 900% increase. However, the value dropped to Rs 402 per sq.ft in the 2017 revision, a decrease of 33%. The 2023 revision brought it back up to Rs 600 per sq.ft, and the latest revision in 2024 has further increased it to Rs 660 per sq.ft, reflecting a 10% rise from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 1000%.

The register does not provide figures for the years 2002 and 2003 for this street. The 2024 guideline value of Rs 660 per sq.ft is below the median of Rs 1,100 per sq.ft for other streets in Mathuranthagam.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO that have a 2024 guideline value ranging from Rs 440 to Rs 1,480 per sq.ft. Sathanoor Kalakkapudur's value is below the median of Rs 1,100 per sq.ft. The following are other streets in Mathuranthagam with their respective guideline values:

• Sathanoor Mariamman Koil Street: Rs 660 per sq.ft (2024)
• Sathanoor New Street: Rs 660 per sq.ft (2024)
• Sathanoor Old Street: Rs 660 per sq.ft (2024)
• Sdk Avenue Phase- I: Rs 660 per sq.ft (2024)
• Sdk Avenue Phase II: Rs 660 per sq.ft (2024)
• Santhai Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sathanoor Kalakkapudur

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathanoor Kalakkapudur?

The Sub Registrar Office covering Sathanoor Kalakkapudur is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Mathuranthagam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers must be aware of the guideline value to ensure they are complying with local regulations during the registration process.

When a property is registered, the guideline value is considered to ensure that the transaction reflects the correct value of the property. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value for Sathanoor Kalakkapudur?

The current guideline value for Sathanoor Kalakkapudur is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, rising from Rs 60 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, an overall increase of 1000%.

What are the other streets in Mathuranthagam with the same guideline value?

Other streets in Mathuranthagam with the same guideline value of Rs 660 per sq.ft include Sathanoor Mariamman Koil Street, Sathanoor New Street, Sathanoor Old Street, Sdk Avenue Phase- I, and Sdk Avenue Phase II.

How is stamp duty calculated for properties in Sathanoor Kalakkapudur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at a rate of 7%.

Where can I find the Sub Registrar Office for Sathanoor Kalakkapudur?

The Sub Registrar Office for Sathanoor Kalakkapudur is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.