Guideline Value

Corporate

Guideline Value for SATHYA NAGAR IST STREET

₹4620/sq.ft.

The guideline value for Sathya Nagar Ist Street in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 4620 per sq.ft, effective 1 July 2024. It was Rs 4200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4620 /sq.ft.
From 1-4-2023 ₹4200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2814 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹451 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹391 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sathya Nagar Ist Street

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Sathya Nagar Ist Street guideline value

The current guideline value of Sathya Nagar Ist Street is Rs 4,620 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village, under the Chennai South Joint I SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sathya Nagar Ist Street has changed

The guideline value for Sathya Nagar Ist Street has seen several revisions over the years. In 2002, the value was Rs 391 per sq.ft, which increased to Rs 451 per sq.ft in 2003. Following this, the value rose significantly to Rs 700 per sq.ft in 2007, and then to Rs 4,200 per sq.ft in 2012. However, it decreased to Rs 2,814 per sq.ft in 2017. The value then increased to Rs 4,200 per sq.ft in 2023, and finally, it reached Rs 4,620 per sq.ft in 2024.

Between the revisions, there were notable changes. From 2002 to 2003, the increase was +15%. The value surged by +55% from 2003 to 2007. The jump from 2007 to 2012 was +500%, while the value decreased by -33% from 2012 to 2017. The value then increased by +49% from 2017 to 2023, and the latest revision from 2023 to 2024 saw an increase of +10%. Overall, from 2002 to 2024, the guideline value has increased by +1082%.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median value is Rs 4,620 per sq.ft, which is the same as the guideline value for Sathya Nagar Ist Street.

Stamp duty and registration fee for property in Sathya Nagar Ist Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,620 per sq.ft, the total guideline value would be Rs 46,20,000. The stamp duty at 7% would amount to Rs 3,23,400, and the registration fee at 2% would be Rs 92,400. Together, the total charges would be Rs 4,15,800. It is important 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 information.

Which Sub Registrar Office covers Sathya Nagar Ist Street?

The Sub Registrar Office that covers Sathya Nagar Ist 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 details.

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

The guideline value is a crucial factor during property transactions in Ekkaduthangal. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value serves as a benchmark for calculating the associated costs. It is essential to understand that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Sathya Nagar Ist Street?

The current guideline value of Sathya Nagar Ist Street is Rs 4,620 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 391 per sq.ft in 2002 to Rs 4,620 per sq.ft in 2024, with various revisions in between.

What is the land classification for Sathya Nagar Ist Street?

Sathya Nagar Ist Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Sathya Nagar Ist Street?

The Sub Registrar Office for Sathya Nagar Ist 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 is the stamp duty calculated for properties in Sathya Nagar Ist Street?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 46,20,000, the stamp duty would be Rs 3,23,400 at 7%.