Guideline Value for SATHISH NAGAR

Sathish Nagar guideline value

The current guideline value of Sathish Nagar, located in Ammambakkam village under the Oothukkottai SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Sathish Nagar has changed

Looking at the historical revisions, the guideline value for Sathish Nagar was Rs 75 per sq.ft in 2012. This increased to Rs 50 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 100 per sq.ft, reflecting a 100% increase. The value remained unchanged at Rs 100 per sq.ft from 2023 to the 2024 revision.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 33%.

Guideline values in Ammambakkam

Ammambakkam village has 14 streets under the Oothukkottai SRO that carry a guideline value for 2024 ranging from Rs 100 to Rs 150 per sq.ft, with the median being Rs 100 per sq.ft. Sathish Nagar's guideline value aligns with this median.

• Sai Nagar - I: Rs 100 per sq.ft (2024)
• Sainagar: Rs 100 per sq.ft (2024)
• Sree Balaji Nagar: Rs 100 per sq.ft (2024)
• Sri Lakshmi Srinivasa Nagar: Rs 100 per sq.ft (2024)
• Sri Sai Nagar: Rs 100 per sq.ft (2024)
• Sri Thirumalai Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sathish Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, resulting in a total of Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathish Nagar?

The Sathish Nagar area is covered by the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Ammambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. It is important to note that these fees are based on the higher of the guideline value or the actual sale price, thus ensuring compliance with regulatory requirements.

Frequently asked questions

What is the current guideline value of Sathish Nagar?

The current guideline value of Sathish Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2012 to Rs 50 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023 and remained the same in 2024.

What is the land classification for Sathish Nagar?

Sathish Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty rates for property in Sathish Nagar?

The stamp duty rate for property transactions in Sathish Nagar is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Sathish Nagar?

The Oothukkottai Sub Registrar Office handles property registrations for Sathish Nagar, located near the government hospital in Uthukottai.