Guideline Value for SATHANOOR NEW STREET

Sathanoor New Street guideline value

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

How the guideline value of Sathanoor New Street has changed

The guideline value for Sathanoor New Street has seen several revisions over the years. In 2007, the value was Rs 60 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012, marking a rise of 900%. However, the value dropped to Rs 402 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for Sathanoor New Street. Overall, from 2007 to 2024, the guideline value has increased by 1000%, demonstrating significant changes over the years.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,480 per sq.ft, with a median value of Rs 1,100 per sq.ft. Sathanoor New Street's 2024 figure is below this median.

• Sathanoor Mariamman Koil Street: Rs 660 per sq.ft (2024)
• Sathanoor Old Street: Rs 660 per sq.ft (2024)
• Sathanoor Kalakkapudur: 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 New Street

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

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sathanoor New Street?

The Sub Registrar Office that covers Sathanoor New Street 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 is used as a benchmark for determining the registration fees and stamp duty when buying or selling property in Mathuranthagam. It is essential for both buyers and sellers to be aware of the current guideline value to ensure accurate financial planning during the transaction process.

When a property is registered, the guideline value helps to establish the minimum value at which the property can be sold. This ensures that the registration process is transparent and that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sathanoor New Street?

The current guideline value of Sathanoor New Street 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 from Rs 60 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, reflecting significant increases and a few decreases in between.

What is the land classification of Sathanoor New Street?

Sathanoor New Street is classified as Residential Special Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Sathanoor New Street?

The Madurandakam Sub Registrar Office covers Sathanoor New Street, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sathanoor New Street?

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