Guideline Value for SATHIYAMURTHY ST

Sathiyamurthy St guideline value

The current guideline value of Sathiyamurthy St is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Paleripattu village under the Avadi SRO, classified as Residential Class II Type - I.

How the guideline value of Sathiyamurthy St has changed

The guideline value for Sathiyamurthy St has seen several revisions over the years. In the 2012 revision, the value was Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and then to Rs 990 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%, reflecting the current value of Rs 990 per sq.ft.

Guideline values in Paleripattu

In Paleripattu, there are 111 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 801 to Rs 4,200 per sq.ft. The median value is Rs 990 per sq.ft, which is equal to the current guideline value of Sathiyamurthy St.

• Sargunam St: Rs 990 per sq.ft (2024)
• Seethakathi St: Rs 990 per sq.ft (2024)
• Sapthagiri Nagar & Street: Rs 990 per sq.ft (2024)
• Sekkadu Main Road: Rs 990 per sq.ft (2024)
• Selva Nagar: Rs 990 per sq.ft (2024)
• Shanthi Terrains: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sathiyamurthy St

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sathiyamurthy St?

The Sathiyamurthy St falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Paleripattu. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that transactions are recorded at fair values.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of their property transaction based on the established guideline values.

Frequently asked questions

What is the current guideline value of Sathiyamurthy St?

The current guideline value of Sathiyamurthy St is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Sathiyamurthy St?

Sathiyamurthy St is classified as Residential Class II Type - I, indicating its designation for residential use.

What are the registration fees for property in Sathiyamurthy St?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value, which is Rs 990 per sq.ft as of 2024.

Where can I find the Sub Registrar Office for Sathiyamurthy St?

The Sub Registrar Office covering Sathiyamurthy St is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.