Guideline Value for SATHIAMURTHY ROAD

Sathiamurthy Road guideline value

The current guideline value of Sathiamurthy Road is Rs 2,700 per sq.ft, effective from 1 July 2024. This road is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of Sathiamurthy Road has changed

The guideline value of Sathiamurthy Road has undergone several revisions over the years. Starting from Rs 396 per sq.ft in 2002, it increased to Rs 461 per sq.ft in 2003, marking a change of +16%. The value then rose to Rs 550 per sq.ft in 2007, which was a +19% increase. Following this, in 2017, it jumped to Rs 1,675 per sq.ft, reflecting a significant rise of +205%. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, which is a +61% increase from the 2017 figure.

Overall, from 2002 to 2024, the guideline value has increased by +582%. It is important to note that the register has no figures for the years 2012 and 2023 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the guideline value of Sathiamurthy Road.

• Sathiabama Street: Rs 2,200 per sq.ft (2024)
• Sathiyamurthy Nagar: Rs 2,700 per sq.ft (2024)
• Sathiyamurthy (Road) Street: Rs 2,700 per sq.ft (2024)
• Sathiya Vani Muthu Nagar: Rs 2,700 per sq.ft (2024)
• Sathiya Vani Muthu Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 10th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sathiamurthy Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. Please 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 details.

Which Sub Registrar Office covers Sathiamurthy Road?

The Sub Registrar Office that covers Sathiamurthy Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Perambur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate fees based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sathiamurthy Road?

The current guideline value of Sathiamurthy Road is Rs 2,700 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 396 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, an overall increase of +582%.

What is the land classification for Sathiamurthy Road?

Sathiamurthy Road is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for Sathiamurthy Road?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000, leading to a total fee of Rs 2,43,000.