Guideline Value for SATHIYAVANI MUTHU ST

Sathiyavani Muthu St guideline value

The current guideline value of Sathiyavani Muthu St is Rs 935 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village, under the Avadi SRO, and is classified as Residential Class II Type - II.

How the guideline value of Sathiyavani Muthu St has changed

The guideline value for Sathiyavani Muthu St has undergone several revisions since 2012. The 2012 revision set the value at Rs 850 per sq.ft, which decreased to Rs 569 per sq.ft in the 2017 revision. This was a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, bringing it up to Rs 850 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 935 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for Sathiyavani Muthu St for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 935 per sq.ft, which is the same as the current value for Sathiyavani Muthu St.

• Sathiyavathi Colony: Rs 935 per sq.ft (2024)
• Sathiyamurthy St: Rs 810 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)
• Senthamil Nagar Ambedkar St: Rs 810 per sq.ft (2024)

Stamp duty and registration fee for property in Sathiyavani Muthu St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, while the registration fee at 2% would be Rs 18,700. Therefore, the total cost for stamp duty and registration would be Rs 84,150. It is important to note that the 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 Sathiyavani Muthu St?

The Sub Registrar Office that covers Sathiyavani Muthu 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 plays a crucial role in property transactions in Vilingiyambakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid at the time of registration. This ensures that the government receives the appropriate revenue from property transactions.

Additionally, the guideline value is important for both buyers and sellers as it provides a benchmark for property pricing. It is advisable for buyers to be aware of the guideline value when negotiating property prices to ensure they are making informed decisions.

Frequently asked questions

What is the current guideline value of Sathiyavani Muthu St?

The current guideline value of Sathiyavani Muthu St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then increased to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification for Sathiyavani Muthu St?

Sathiyavani Muthu St is classified as Residential Class II Type - II.

Which Sub Registrar Office covers Sathiyavani Muthu St?

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

How is the stamp duty calculated for properties in Sathiyavani Muthu St?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 65,450.