Guideline Value for SATHIYAMURTHY ST

Sathiyamurthy St guideline value

The current guideline value of Sathiyamurthy St in Vilingiyambakkam village, under the Avadi SRO, is Rs 810 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Sathiyamurthy St has changed

The guideline value for Sathiyamurthy St has undergone several revisions over the years. In 2012, the guideline value was Rs 650 per sq.ft. This figure decreased to Rs 435 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 650 per sq.ft, and then rose again to Rs 810 per sq.ft in 2024, reflecting a 25% increase.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. The overall change from 2012 to 2024 shows a 25% increase, with the current rate being Rs 810 per sq.ft as per the 2024 revision.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO with 2024 guideline values ranging from Rs 800 to Rs 4,400 per sq.ft. The median value is Rs 935 per sq.ft, placing Sathiyamurthy St's current value below this median.

• Sathiyavani Muthu St: Rs 935 per sq.ft (2024)
• Sathiyavathi Colony: Rs 935 per sq.ft (2024)
• Sathyamurthy Street (Kamaraj Nagar): Rs 1,310 per sq.ft (2024)
• Saraswathi St: Rs 810 per sq.ft (2024)
• Sanjai Nagar (Or) Sanjeevi Nagar @ Siranjeevi Naga: Rs 800 per sq.ft (2024)
• Samiyar St: Rs 810 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 810 per sq.ft, the total guideline value amounts to Rs 8,10,000. The stamp duty at 7% would be Rs 56,700, and the registration fee at 2% would be Rs 16,200, totaling Rs 72,900. It is important to note that 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 details.

Which Sub Registrar Office covers Sathiyamurthy St?

The Sub Registrar Office that covers Sathiyamurthy St is 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 Vilingiyambakkam

The guideline value is a crucial factor in the registration process of property transactions. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is considered to ensure that the fees are calculated accurately. This helps in maintaining transparency in property transactions and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Sathiyamurthy St?

The current guideline value of Sathiyamurthy St is Rs 810 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2012 to Rs 435 per sq.ft in 2017, then back to Rs 650 per sq.ft in 2023, and finally to Rs 810 per sq.ft in 2024.

What is the land classification for Sathiyamurthy St?

Sathiyamurthy St is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for properties on Sathiyamurthy St?

For a 1,000 sq.ft property, the total guideline value is Rs 8,10,000, resulting in a stamp duty of Rs 56,700 and a registration fee of Rs 16,200, totaling Rs 72,900.

Which Sub Registrar Office covers Sathiyamurthy St?

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