Guideline Value for SATHIYAVATHI COLONY

Sathiyavathi Colony guideline value

The current guideline value of Sathiyavathi Colony, located in Vilingiyambakkam village under the Avadi SRO, is Rs 935 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Sathiyavathi Colony has changed

The guideline value for Sathiyavathi Colony has undergone several revisions over the years. In 2012, the value was set at Rs 850 per sq.ft, which decreased to Rs 569 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 850 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 935 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for Sathiyavathi Colony 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 carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft, with the median value being Rs 935 per sq.ft. Sathiyavathi Colony's 2024 guideline value aligns with this median.

• Sathiyavani Muthu St: Rs 935 per sq.ft (2024)
• Sathyamurthy Street (Kamaraj Nagar): Rs 1,310 per sq.ft (2024)
• Sathiyamurthy St: Rs 810 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 Sathiyavathi Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total cost for these fees to Rs 84,150. It is essential 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Sathiyavathi Colony?

The Sub Registrar Office that covers Sathiyavathi Colony 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 critical factor when it comes to the registration of property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the costs involved in the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Sathiyavathi Colony?

The current guideline value of Sathiyavathi Colony 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 Sathiyavathi Colony?

Sathiyavathi Colony is classified under Residential Class II Type - II, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for Sathiyavathi Colony?

The Sub Registrar Office for Sathiyavathi Colony is 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 Sathiyavathi Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,35,000, the stamp duty at 7% would be Rs 65,450.