Guideline Value for SATHYA NAGAR

Sathya Nagar guideline value

The current guideline value of Sathya Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Moorai-2 village under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Sathya Nagar has changed

The guideline value for Sathya Nagar has undergone several revisions over the years. In 2017, the value was set at Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent adjustment in 2024 brought the value to Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

There are no registered figures for Sathya Nagar in the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has risen by 64%.

Guideline values in Moorai-2

In Moorai-2, there are seven streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 275 to Rs 440 per sq.ft. The median value for these streets is Rs 330 per sq.ft, placing Sathya Nagar's 2024 figure above that median.

• Vijayashanthi Nagar: Rs 330 per sq.ft (2024)
• Lakshmi Amman Nagar Annexe II: Rs 330 per sq.ft (2024)
• Karpagam Nagar: Rs 330 per sq.ft (2024)
• Harish Nagar: Rs 275 per sq.ft (2024)
• Ganga Avenue I: Rs 275 per sq.ft (2024)
• Thai Moogambikai Nagar: Rs 330 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 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, while the registration fee at 2% would be Rs 8,800, bringing the total charges to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sathya Nagar?

The Sathya Nagar area falls under 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-2

The guideline value plays a crucial role in the registration process of property transactions in Moorai-2. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of this value to make informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Sathya Nagar?

The current guideline value of Sathya Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 440 per sq.ft in 2024, marking a total increase of 64% over these years.

What are the other streets in Moorai-2 and their guideline values?

Other streets in Moorai-2 include Vijayashanthi Nagar, Lakshmi Amman Nagar Annexe II, Karpagam Nagar, Harish Nagar, Ganga Avenue I, and Thai Moogambikai Nagar, with values ranging from Rs 275 to Rs 330 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Sathya Nagar?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600.

Where is the Sub Registrar Office for Sathya Nagar located?

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