Guideline Value for SATHYA NAGAR

Sathya Nagar guideline value

The current guideline value of Sathya Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. Sathya Nagar is located in Chembarambakkam village, under the Poonamallee SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sathya Nagar has changed

The guideline value register for Sathya Nagar shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 1,540 per sq.ft.

Since there have been no figures recorded for this street in previous revisions, there are no changes to report between the revisions listed. The 2024 figure stands alone as the current guideline value.

Guideline values in Chembarambakkam

In Chembarambakkam, there are 64 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value for the area is Rs 1,100 per sq.ft, placing Sathya Nagar's 2024 figure above this median.

• Santro City Phase - II: Rs 2,310 per sq.ft (2024)
• Santro City: Rs 1,540 per sq.ft (2024)
• Shanthi Bhavanam: Rs 1,095 per sq.ft (2024)
• Sidco: Rs 1,095 per sq.ft (2024)
• Sidco 75/1a, 1b: Rs 1,095 per sq.ft (2024)
• Spartan Enclave: Rs 1,540 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 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sathya Nagar?

The Sub Registrar Office that covers Sathya Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Chembarambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both parties. It is essential to consider this value to understand the financial implications of the transaction, including the taxes and fees involved.

Frequently asked questions

What is the current guideline value of Sathya Nagar?

The current guideline value of Sathya Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How often does the guideline value get revised?

The guideline value is revised periodically, with the most recent revision for Sathya Nagar occurring in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, 2017, and 2023.

What is the median guideline value in Chembarambakkam?

The median guideline value in Chembarambakkam is Rs 1,100 per sq.ft, based on the 2024 figures for the 64 streets in the area.

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

The stamp duty for properties in Sathya Nagar is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is 2% of the guideline value.

Where can I find more information about the Sub Registrar Office?

The Poonamallee Sub Registrar Office covers Sathya Nagar. You can find more information and locate your SRO by visiting the find your SRO page.