Guideline Value for SATHIYA GARDENS

Sathiya Gardens guideline value

The current guideline value of Sathiya Gardens is Rs 4,300 per sq.ft, effective from 1 July 2024. This area is located in Ottiyampakkam village under the Selaiyur SRO, classified as Mixed Type - III.

How the guideline value of Sathiya Gardens has changed

The guideline value for Sathiya Gardens has seen significant changes over the years. In the 2017 revision, the value was set at Rs 1,800 per sq.ft. This increased to Rs 4,012 per sq.ft in the 2023 revision, marking a substantial rise of 123%. The most recent revision in 2024 further increased the guideline value to Rs 4,300 per sq.ft, reflecting a growth of 7% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 139%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Ottiyampakkam

In Ottiyampakkam, there are 88 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 4,300 per sq.ft. The median guideline value in this area is Rs 1,950 per sq.ft, placing Sathiya Gardens' 2024 figure above this median.

• Sai Nagar: Rs 2,200 per sq.ft (2024)
• Reddiyambakkam Main Road: Rs 1,650 per sq.ft (2024)
• Soundarya Garden: Rs 1,950 per sq.ft (2024)
• Ramakrishnan Street: Rs 1,950 per sq.ft (2024)
• Rajendra Prasad Street: Rs 1,950 per sq.ft (2024)
• Rajendra Prasad: Rs 1,950 per sq.ft (2024)

Stamp duty and registration fee for property in Sathiya Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value amounts to Rs 43,00,000. The stamp duty, charged at 7%, would be Rs 3,01,000, while the registration fee at 2% would be Rs 86,000. Together, the total cost for stamp duty and registration would be Rs 3,87,000. 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 more details.

Which Sub Registrar Office covers Sathiya Gardens?

The Sathiya Gardens area is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Ottiyampakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the higher of the guideline value or the sale price is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions based on established values.

Frequently asked questions

What is the current guideline value of Sathiya Gardens?

The current guideline value of Sathiya Gardens is Rs 4,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,800 per sq.ft to Rs 4,300 per sq.ft in 2024, marking a total increase of 139% over this period.

What is the median guideline value in Ottiyampakkam?

The median guideline value in Ottiyampakkam is Rs 1,950 per sq.ft, with Sathiya Gardens' current value being above this median.

What are the stamp duty rates for property in Sathiya Gardens?

The stamp duty for property transactions in Sathiya Gardens is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2%.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.