Guideline Value for SATHIYA VANI MUTHU STREET

Sathiya Vani Muthu Street guideline value

The current guideline value of Sathiya Vani Muthu Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street 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 Street has changed

Over the years, the guideline value of Sathiya Vani Muthu Street has seen several revisions. The 2007 revision set the value at Rs 550 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 355% increase. However, this value decreased to Rs 1,675 per sq.ft in 2017, reflecting a 33% decline. The most recent revision in 2024 has brought the guideline value back up to Rs 2,700 per sq.ft, representing a 61% increase from the 2017 figure.

The register has no figures for the years 2023, 2003, and 2002 for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 391%.

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, which is equal to the guideline value of Sathiya Vani Muthu Street.

• Sathiya Vani Muthu Nagar: 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 Street

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, while the registration fee at 2% would be Rs 54,000. Together, these fees would total 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 Street?

The Sub Registrar Office that covers Sathiya Vani Muthu Street 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 during the registration of property transactions in Perambur. It serves as the baseline for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value helps determine the legal value of the property, which is essential for both buyers and sellers to understand their financial obligations during the transaction process.

Frequently asked questions

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

The current guideline value of Sathiya Vani Muthu Street 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 550 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 391%.

What are the stamp duty and registration fees for property in Sathiya Vani Muthu Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,00,000. The stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles property registration for Sathiya Vani Muthu Street?

The Purasaivakkam Sub Registrar Office handles property registration for Sathiya Vani Muthu Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the significance of the guideline value in property transactions?

The guideline value is essential for determining the stamp duty and registration fees during property transactions. It ensures that these costs are based on a standardized value, which is crucial for both buyers and sellers.