Guideline Value for SATHYAKANTHY AVENUE

Sathyakanthy Avenue guideline value

The current guideline value of Sathyakanthy Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Melamaiyur village under the Chengleput Joint I SRO, and it falls under the land classification of Mixed Special Type - I.

How the guideline value of Sathyakanthy Avenue has changed

Over the years, the guideline value for Sathyakanthy Avenue has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 1,650 per sq.ft, which is a 10% increase from the 2023 revision of Rs 1,500 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, there were no recorded figures for Sathyakanthy Avenue in the guideline value register. The 2023 revision marked the first recorded value for this street, indicating a significant step in its valuation within the Chengleput Joint I SRO.

Guideline values in Melamaiyur

In Melamaiyur village, there are 37 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 1,212 per sq.ft, placing Sathyakanthy Avenue's 2024 figure above this median.

• Sabthagiri nagar: Rs 825 per sq.ft (2024)
• Soundar Nagar: Rs 1,100 per sq.ft (2024)
• Ramakrishna Nagar: Rs 1,320 per sq.ft (2024)
• Rakamth Goldencity: Rs 1,100 per sq.ft (2024)
• Sri Ganapathi Avenue: Rs 1,100 per sq.ft (2024)
• Sri Guru Nagar: Rs 1,212 per sq.ft (2024)

Stamp duty and registration fee for property in Sathyakanthy Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would amount to Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathyakanthy Avenue?

The Sub Registrar Office that covers Sathyakanthy Avenue is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Melamaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted fairly and transparently.

When buying or selling property, the guideline value influences the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sathyakanthy Avenue?

The current guideline value of Sathyakanthy Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sathyakanthy Avenue was Rs 1,500 per sq.ft in 2023, which increased by 10% to Rs 1,650 per sq.ft in 2024. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Melamaiyur?

The median guideline value for the 37 streets in Melamaiyur is Rs 1,212 per sq.ft. Sathyakanthy Avenue's 2024 figure of Rs 1,650 per sq.ft is above this median.

What are the stamp duty and registration fees for a property in Sathyakanthy Avenue?

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers Sathyakanthy Avenue?

The Chengleput Joint I Sub Registrar Office covers Sathyakanthy Avenue, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.