Guideline Value for SATHYA NAGAR

Sathya Nagar guideline value

The current guideline value of Sathya Nagar, located in Moorai-1 village under the Avadi SRO, is Rs 360 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Sathya Nagar has changed

Over the years, the guideline value of Sathya Nagar has seen several revisions. The 2017 revision recorded a value of Rs 268 per sq.ft, which increased to Rs 335 per sq.ft in the 2023 revision, marking a 25% rise. The most recent revision in 2024 set the guideline value at Rs 360 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 34%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Moorai-1

In Moorai-1, there are 13 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 550 per sq.ft, with a median value of Rs 550 per sq.ft. Sathya Nagar's 2024 figure is below this median.

• Shanmugam Nagar: Rs 550 per sq.ft (2024)
• Sindhu Nagar Phase I: Rs 550 per sq.ft (2024)
• Soundarya Nagar: Rs 360 per sq.ft (2024)
• Sri Swamy Vivekanda Nagar: Rs 550 per sq.ft (2024)
• Vino Nagar: Rs 550 per sq.ft (2024)
• Lakshmi Garden: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Sathya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 360 per sq.ft, the total guideline value amounts to Rs 3,60,000. The stamp duty, charged at 7%, would be Rs 25,200, while the registration fee at 2% would be Rs 7,200, bringing the total fees to Rs 32,400. 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 further assistance.

Which Sub Registrar Office covers Sathya Nagar?

The Sub Registrar Office that covers Sathya Nagar 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 Moorai-1

The guideline value is a crucial factor during property registration in Moorai-1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official documents.

When buying or selling property, the guideline value impacts the calculation of stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sathya Nagar?

The current guideline value of Sathya Nagar is Rs 360 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 34%, moving from Rs 268 per sq.ft in 2017 to Rs 360 per sq.ft in 2024.

What are the stamp duty rates for property in Sathya Nagar?

The stamp duty for property in Sathya Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Avadi Sub Registrar Office located?

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

How many streets are there in Moorai-1 with guideline values?

There are 13 streets in Moorai-1 under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 550 per sq.ft.