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 area is located in Panangottur village under the Chengleput Joint II SRO, and the land classification is Residential Special Type - V.

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

The guideline value for Sathya Suriya Garden has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, which is a 10% increase from Rs 1,200 per sq.ft in 2023. Prior to that, the value was Rs 804 per sq.ft in 2017, reflecting a significant increase of 49% from the previous figure.

In 2012, the guideline value was Rs 1,200 per sq.ft, which was a decrease of 33% from Rs 804 per sq.ft in 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 990 per sq.ft, placing Sathya Suriya Garden's 2024 figure 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 would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total cost for these fees Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

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

The Sub Registrar Office that covers Sathya Suriya Garden (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities use the guideline value to assess the amount of tax applicable, ensuring that the fees are calculated based on the higher of the guideline value or the actual sale price. This ensures transparency and consistency in property transactions.

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 2023 to Rs 1,320 per sq.ft in 2024, a 10% increase. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012, showing various changes over the years.

What is the land classification of Sathya Suriya Garden (Ward -7)?

The land classification of Sathya Suriya Garden (Ward -7) is Residential Special Type - V, which indicates the type of development allowed in the area.

How is stamp duty calculated for properties in Sathya Suriya Garden (Ward -7)?

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

Where can I find the Sub Registrar Office for Sathya Suriya Garden (Ward -7)?

The Sub Registrar Office covering Sathya Suriya Garden (Ward -7) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengalpattu registration zone.