Guideline Value for SATHYA NAGAR ALL 4TH CROSS STREET

Sathya Nagar All 4th Cross Street guideline value

The current guideline value of Sathya Nagar All 4th 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 All 4th Cross Street has changed

Over the years, the guideline value for Sathya Nagar All 4th Cross Street has seen several revisions. The register shows the following figures: in 2002, the value was Rs 485 per sq.ft; it increased to Rs 540 per sq.ft in 2003. The value then rose significantly to Rs 850 per sq.ft in 2007, followed by a jump to Rs 2,300 per sq.ft in 2012. However, it decreased to Rs 1,541 per sq.ft in 2017. The value was revised to Rs 2,300 per sq.ft in 2023 and currently stands at Rs 2,530 per sq.ft as of 2024.

In summary, the changes between the revisions are as follows: from 2002 to 2003, there was an increase of 11%; from 2003 to 2007, the increase was 57%; from 2007 to 2012, the value rose by 171%; however, from 2012 to 2017, there was a decrease of 33%. The value then increased by 49% from 2017 to 2023, and finally, from 2023 to 2024, there was an increase of 10%. Overall, from 2002 to 2024, the guideline value has increased by 422%.

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 value is Rs 2,530 per sq.ft, which is equal to the guideline value of Sathya Nagar All 4th Cross Street.

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

Stamp duty and registration fee for property in Sathya Nagar All 4th 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 amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, making the total fees Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathya Nagar All 4th Cross Street?

The Sub Registrar Office that covers Sathya Nagar All 4th 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 plays a crucial role during the registration of property transactions in Manapakkam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

This ensures that the government receives the correct revenue from property transactions. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Sathya Nagar All 4th Cross Street?

The current guideline value of Sathya Nagar All 4th 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 changed significantly from Rs 485 per sq.ft in 2002 to Rs 2,530 per sq.ft in 2024, reflecting an overall increase of 422% over the years.

What is the land classification for Sathya Nagar All 4th Cross Street?

The land classification for Sathya Nagar All 4th Cross Street is Residential Class II Type - I.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100 and the registration fee would be Rs 50,600, totaling Rs 2,27,700.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office covering Sathya Nagar All 4th Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.