Guideline Value for SATHYA NAGAR 4TH MAIN SALAI LEFT 1ST CROSS STREET

Sathya Nagar 4th Main Salai Left 1st Cross Street guideline value

The current guideline value of Sathya Nagar 4th Main Salai Left 1st Cross Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sathya Nagar 4th Main Salai Left 1st Cross Street has changed

The guideline value for Sathya Nagar 4th Main Salai Left 1st Cross Street has undergone several revisions over the years. In 2012, the guideline value was Rs 2,300 per sq.ft, which decreased to Rs 1,541 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,300 per sq.ft in 2023, and then to Rs 2,530 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33% in the guideline value. However, from 2017 to 2023, the value saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median guideline value is Rs 2,530 per sq.ft, which is equal to the current figure for Sathya Nagar 4th Main Salai Left 1st Cross Street.

• Sathya Nagar 4th Main Salai Left 2nd Cross Street: Rs 2,530 per sq.ft (2024)
• Sathya Nagar 3rd Main Street Cross Street: Rs 2,530 per sq.ft (2024)
• Sathya Nagar 3rd Main Cross Street Road: Rs 2,530 per sq.ft (2024)
• Sathya Nagar All 4th Cross Street: Rs 2,530 per sq.ft (2024)
• Sathya Nagar 2nd Main Cross Road 2: Rs 2,530 per sq.ft (2024)
• Sathya Nagar Extn Part 1st Main Road: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Sathya Nagar 4th Main Salai Left 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, while the registration fee at 2% would be Rs 50,600, bringing the total fees together to Rs 2,27,700. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sathya Nagar 4th Main Salai Left 1st Cross Street?

The Sub Registrar Office that covers Sathya Nagar 4th Main Salai Left 1st Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Manapakkam. It serves as a benchmark for determining the minimum value at which properties 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 consider the guideline value, as it influences the total costs involved in the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Sathya Nagar 4th Main Salai Left 1st Cross Street?

The current guideline value for Sathya Nagar 4th Main Salai Left 1st Cross Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 2,300 per sq.ft in 2012, Rs 1,541 per sq.ft in 2017, Rs 2,300 per sq.ft in 2023, and currently Rs 2,530 per sq.ft in 2024.

What is the land classification for this street?

The land classification for Sathya Nagar 4th Main Salai Left 1st Cross Street is Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sathya Nagar 4th Main Salai Left 1st Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 2,27,700.