Guideline Value for SATHYA NARAYANAN LANE

Sathya Narayanan Lane guideline value

The current guideline value of Sathya Narayanan Lane in Puliyur village, under the Kodambakkam SRO, is Rs 5,800 per sq.ft, effective from 1 July 2024. This lane is classified as Residential Class I Type - I.

How the guideline value of Sathya Narayanan Lane has changed

The guideline value for Sathya Narayanan Lane has seen several revisions over the years. In 2002, the value was Rs 795 per sq.ft, which increased to Rs 873 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,400 per sq.ft in 2007, and then to Rs 5,300 per sq.ft in 2012. However, it decreased to Rs 3,551 per sq.ft in 2017. The value then increased to Rs 5,300 per sq.ft in 2023, before reaching the current figure of Rs 5,800 per sq.ft in 2024.

The changes between the revisions indicate a +10% rise from 2002 to 2003, a +60% increase from 2003 to 2007, a +279% jump from 2007 to 2012, a -33% decrease from 2012 to 2017, and a +49% increase from 2017 to 2023. The most recent change from 2023 to 2024 is a +9% increase, resulting in an overall increase of +630% from 2002 to 2024.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value is Rs 5,800 per sq.ft, which is equal to the 2024 figure for Sathya Narayanan Lane.

• Sathya Narayanan Street: Rs 5,800 per sq.ft (2024)
• Sathyapuri Street: Rs 7,100 per sq.ft (2024)
• Sathyamurthy Street: Rs 4,400 per sq.ft (2024)
• Sbi Officers Colony: Rs 7,100 per sq.ft (2024)
• School Road (Pallikoodam Salai): Rs 5,800 per sq.ft (2024)
• Sasthri Nagar: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Sathya Narayanan Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value would be Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, resulting in a total of Rs 5,22,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sathya Narayanan Lane?

The Sub Registrar Office that covers Sathya Narayanan Lane is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property registration in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When engaging in a property transaction, it is essential to refer to the guideline value to ascertain the financial obligations involved. This value is used to calculate the necessary fees, ensuring that all parties are informed of the costs associated with the transaction.

Frequently asked questions

What is the current guideline value of Sathya Narayanan Lane?

The current guideline value of Sathya Narayanan Lane is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 795 per sq.ft in 2002 to Rs 5,800 per sq.ft in 2024, reflecting an overall increase of +630% over this period.

What is the stamp duty rate for property transactions in Sathya Narayanan Lane?

The stamp duty rate for property transactions in Sathya Narayanan Lane is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for Sathya Narayanan Lane?

The Sub Registrar Office for Sathya Narayanan Lane is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How many streets in Puliyur have a guideline value?

There are 648 streets in Puliyur under the Kodambakkam SRO that carry a guideline value for 2024.