Guideline Value for SATHYA SURIYA GARDEN (WARD -7)

Sathya Suriya Garden (Ward -7) guideline value

The current guideline value of Sathya Suriya Garden (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024. This property is located in Kattankollatur village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Sathya Suriya Garden (Ward -7) has changed

The guideline value for Sathya Suriya Garden has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,200 per sq.ft. In 2017, this value decreased to Rs 804 per sq.ft, marking a decline of 33%. However, by 2023, the value rose significantly to Rs 1,200 per sq.ft, and in the latest revision of 2024, it increased further to Rs 1,320 per sq.ft, reflecting a 10% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in the village is Rs 1,100 per sq.ft, placing Sathya Suriya Garden's 2024 value above this median.

• Sattamangalam Perumal Koil St (Ward -15): Rs 440 per sq.ft (2024)
• Sathyasai Sababathi Nagar (Ward -15): Rs 440 per sq.ft (2024)
• Sattamangalam (Ward -15): Rs 440 per sq.ft (2024)
• Sathyasai Nagar (Ward -15): Rs 660 per sq.ft (2024)
• Sathiyasai Nagar (N): Rs 660 per sq.ft (2024)
• School Street (Ward -15): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Sathya Suriya Garden (Ward -7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty charged at 7% would be Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathya Suriya Garden (Ward -7)?

The Sathya Suriya Garden (Ward -7) is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Kattankollatur. It is the minimum value set by the government for registration purposes, ensuring that properties are not sold below this value. When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer.

Buyers and sellers should be aware that the guideline value can affect the overall cost of property transactions. It is essential to check the latest guideline values before proceeding with any real estate transactions to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sathya Suriya Garden (Ward -7)?

The current guideline value of Sathya Suriya Garden (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification of Sathya Suriya Garden?

Sathya Suriya Garden is classified as Residential Special Type - V.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated for properties in Kattankollatur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 at a rate of 7%.