Guideline Value for SATHYA NAGAR

Sathya Nagar guideline value

The current guideline value of Sathya Nagar, located in Kolumanivakkam village under the Kunrathur SRO, is Rs 1,350 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Mixed Special Type - I.

How the guideline value of Sathya Nagar has changed

Since the 2017 revision, the guideline value of Sathya Nagar has seen significant increases. In 2017, the value was Rs 804 per sq.ft, which rose to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 further increased the value to Rs 1,350 per sq.ft, representing a 13% rise from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 68%. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kolumanivakkam

In Kolumanivakkam, there are 47 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,290 per sq.ft. The median value is Rs 1,350 per sq.ft, which is equal to the guideline value of Sathya Nagar.

• Selvam Avenue: Rs 2,200 per sq.ft (2024)
• Sai Vallalar Sivasankaran Nagar: Rs 1,650 per sq.ft (2024)
• Sai Nagammal Avenue: Rs 2,200 per sq.ft (2024)
• Sai Mahalakshmi Nagar: Rs 1,350 per sq.ft (2024)
• Siva Sakthi Nagar Anexxe: Rs 880 per sq.ft (2024)
• Sri Baleeswaran Koil Street: Rs 1,210 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 1,350 per sq.ft, the total guideline value would be Rs 13,50,000. The stamp duty at 7% would be Rs 94,500, and the registration fee at 2% would be Rs 27,000, making the total charges Rs 1,21,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sathya Nagar?

The Sub Registrar Office that covers Sathya Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kolumanivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable fees. Buyers should be aware that the duty is charged based on the higher of the guideline value or the actual sale price, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Sathya Nagar?

The current guideline value of Sathya Nagar is Rs 1,350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 68%, from Rs 804 per sq.ft to the current Rs 1,350 per sq.ft.

What are the other streets in Kolumanivakkam with their guideline values?

Other streets in Kolumanivakkam include Selvam Avenue at Rs 2,200 per sq.ft, Sai Vallalar Sivasankaran Nagar at Rs 1,650 per sq.ft, and Sai Mahalakshmi Nagar at Rs 1,350 per sq.ft, among others.

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

For a property valued at Rs 13,50,000, the stamp duty would be Rs 94,500 and the registration fee would be Rs 27,000, totaling Rs 1,21,500.

Which office handles registrations for Sathya Nagar?

The Kunrathur Sub Registrar Office handles registrations for Sathya Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.