Guideline Value for SATHIYA VANI MUTHU NAGAR

Sathiya Vani Muthu Nagar guideline value

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

How the guideline value of Sathiya Vani Muthu Nagar has changed

The guideline value for Sathiya Vani Muthu Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 317%. However, it then decreased to Rs 1,675 per sq.ft in 2017, a drop of 33%. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, which represents an increase of 61% from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 350%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry 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, making Sathiya Vani Muthu Nagar's 2024 figure equal to this median.

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

Stamp duty and registration fee for property in Sathiya Vani Muthu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sathiya Vani Muthu Nagar?

The Sub Registrar Office that covers Sathiya Vani Muthu Nagar 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 plays a crucial role in the registration process of property transactions in Perambur. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sathiya Vani Muthu Nagar?

The current guideline value of Sathiya Vani Muthu Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 600 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, representing an overall increase of 350% over the years.

What is the land classification of Sathiya Vani Muthu Nagar?

Sathiya Vani Muthu Nagar is classified as Residential Class III Type - II, indicating its designation for residential use.

Where is the Purasaivakkam Sub Registrar Office located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Sathiya Vani Muthu Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty at 7% would be Rs 1,89,000.