Guideline Value for SATHYA NARAYANAN STREET

Sathya Narayanan Street guideline value

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

How the guideline value of Sathya Narayanan Street has changed

The guideline value for Sathya Narayanan Street has undergone several revisions since 2002. In 2002, the value was Rs 795 per sq.ft, which increased to Rs 873 per sq.ft in 2003, marking a change of +10%. The value then saw a significant rise to Rs 1,400 per sq.ft in 2007, representing a +60% increase. By 2012, the value remained at Rs 5,300 per sq.ft, showing no change from the previous revision. The 2023 revision maintained this figure, but in 2024, the guideline value increased to Rs 5,800 per sq.ft, reflecting a +9% change from the previous year.

It is important to note that there is no guideline value figure for Sathya Narayanan Street in the 2017 revision. Overall, from 2002 to 2024, the guideline value has increased by +630%, showcasing the changes over the years.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, making Sathya Narayanan Street's 2024 figure equal to this median.

• Sathya Narayanan Lane: 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 Street

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 amount to Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, bringing the total fees together to Rs 5,22,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sathya Narayanan Street?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly in the official registry. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sathya Narayanan Street?

The current guideline value of Sathya Narayanan Street 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 seen several revisions, with the most significant increase occurring from Rs 1,400 per sq.ft in 2007 to Rs 5,300 per sq.ft in 2012, and then to Rs 5,800 per sq.ft in 2024.

What are the stamp duty and registration fees for a property on this street?

For a property valued at Rs 58,00,000, the stamp duty would be Rs 4,06,000 and the registration fee would be Rs 1,16,000, totaling Rs 5,22,000.

Which Sub Registrar Office is responsible for Sathya Narayanan Street?

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

What is the land classification of Sathya Narayanan Street?

Sathya Narayanan Street is classified as Residential Class I Type - I, indicating its suitability for residential development.