Guideline Value for SATHYABAMA STREET

Sathyabama Street guideline value

The current guideline value of Sathyabama Street in Perumalagaram village is Rs 3,190 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint II SRO and is classified as Residential Class V Type - I.

How the guideline value of Sathyabama Street has changed

The guideline value for Sathyabama Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 2,900 per sq.ft. This was followed by a decrease to Rs 1,943 per sq.ft in 2017. The 2023 revision saw a significant increase to Rs 2,900 per sq.ft, and the most recent 2024 revision has further raised the value to Rs 3,190 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figure for Sathyabama Street in the years 2002, 2003, and 2007.

Guideline values in Perumalagaram

In Perumalagaram, there are 74 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 825 to Rs 7,920 per sq.ft. The median value is Rs 3,190 per sq.ft, which is equal to the 2024 guideline value of Sathyabama Street.

• Sathya Narayanan Street: Rs 3,190 per sq.ft (2024)
• Seelapathy Baskaran Street: Rs 3,190 per sq.ft (2024)
• Santhana Lakshmi Street: Rs 3,190 per sq.ft (2024)
• Sanjay Gandhi Nagar Main Road: Rs 2,750 per sq.ft (2024)
• Sanjay Gandhi Nagar 2nd Cross: Rs 2,750 per sq.ft (2024)
• Sanjay Gandhi Nagar 1st Cross: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Sathyabama Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,190 per sq.ft, the total guideline value amounts to Rs 31,90,000. The stamp duty at 7% would be Rs 2,23,300, and the registration fee at 2% would be Rs 63,800, leading to a total of Rs 2,87,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sathyabama Street?

Sathyabama Street is covered by the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Perumalagaram. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling a property, it is essential to be aware of the current guideline value, as it may impact the overall costs involved in the transaction. The guideline value can influence negotiations and the final sale price, making it a key consideration for both buyers and sellers.

Frequently asked questions

What is the current guideline value of Sathyabama Street?

The current guideline value of Sathyabama Street is Rs 3,190 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,900 per sq.ft in 2012 to Rs 1,943 per sq.ft in 2017, and then to Rs 2,900 per sq.ft in 2023. The most recent revision in 2024 has increased it to Rs 3,190 per sq.ft.

What are the other streets in Perumalagaram with similar guideline values?

Other streets in Perumalagaram, such as Sathya Narayanan Street, Seelapathy Baskaran Street, and Santhana Lakshmi Street, also have a guideline value of Rs 3,190 per sq.ft in 2024.

What is the registration fee for property in Sathyabama Street?

The registration fee for a property in Sathyabama Street is calculated based on the guideline value. For example, a property valued at Rs 31,90,000 would incur a registration fee of Rs 63,800 at 2%.

Which office handles registrations for Sathyabama Street?

The Chennai South Joint II Sub Registrar Office handles registrations for Sathyabama Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.