Guideline Value for SATHANOOR OLD STREET

Sathanoor Old Street guideline value

The current guideline value of Sathanoor Old Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Mathuranthagam village and falls under the Madurandakam SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Sathanoor Old Street has changed

Since the 2007 revision, the guideline value for Sathanoor Old Street has seen significant changes. In 2007, the guideline value was Rs 60 per sq.ft. This increased dramatically to Rs 600 per sq.ft in 2012, marking a rise of 900%. However, from 2012 to 2017, it decreased to Rs 402 per sq.ft, a reduction of 33%. The value then increased to Rs 600 per sq.ft in 2023, followed by a further increase to Rs 660 per sq.ft in the 2024 revision, which is a 10% rise.

The revisions for 2002 and 2003 do not have any figures recorded for Sathanoor Old Street. Overall, from 2007 to 2024, the guideline value has increased by 1000%.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO with guideline values for 2024 ranging from Rs 440 to Rs 1,480 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, making the 2024 figure for Sathanoor Old Street below that median.

• Sathanoor New Street: Rs 660 per sq.ft (2024)
• Sathanoor Mariamman Koil 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 Old 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 charges to Rs 59,400. Note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sathanoor Old Street?

The Sub Registrar Office that covers Sathanoor Old 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 plays a crucial role in property transactions in Mathuranthagam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. This ensures that the transaction is recorded at a value that reflects the government's assessment of the property's worth.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This system helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sathanoor Old Street?

The current guideline value of Sathanoor Old 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 significantly from Rs 60 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, marking an overall increase of 1000%.

What is the median guideline value in Mathuranthagam?

The median guideline value in Mathuranthagam is Rs 1,100 per sq.ft, which is above the current value for Sathanoor Old Street.

What are the stamp duty and registration fees for property in Sathanoor Old Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 6,60,000, with stamp duty at 7% amounting to Rs 46,200 and registration fees at 2% totaling Rs 13,200, leading to total charges of Rs 59,400.

Where is the Sub Registrar Office for Sathanoor Old Street located?

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