Guideline Value for SATHYA SURIYA GARDEN (WARD -7)

Sathya Suriya Garden (Ward -7) guideline value

The current guideline value for Sathya Suriya Garden (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Sattamangalam 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

Over the years, the guideline value for Sathya Suriya Garden has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was followed by a decrease to Rs 804 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,200 per sq.ft. The most recent revision in 2024 increased the value to Rs 1,320 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 revision to the current 2024 figure, there has been a 10% increase in the guideline value.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, and Sathya Suriya Garden's current value is 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 at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total charges 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.

You can also use the stamp duty and registration fee calculator for more information.

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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sattamangalam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable fees. This ensures that the government receives the correct revenue from property transactions in the area.

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 increased 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 under the Chengleput Joint II SRO.

What are the other guideline values in Sattamangalam?

In Sattamangalam, guideline values range from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Sathya Suriya Garden's value is above this median.

Where is the Sub Registrar Office for Sathya Suriya Garden located?

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