Guideline Value for SATHYAM GOLDEN NEST

Sathyam Golden Nest guideline value

The current guideline value of Sathyam Golden Nest is Rs 2,710 per sq.ft, effective from 1 July 2024. This property is located in Moolacheri village, under the Pallavaram Sub Registrar Office (SRO), and is classified as Residential Special Type - III.

How the guideline value of Sathyam Golden Nest has changed

Over the years, the guideline value for Sathyam Golden Nest has seen several revisions. The register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 2,463 per sq.ft. The latest 2024 revision increased this value by 10%, bringing it to Rs 2,710 per sq.ft.

Thus, the transition from the 2023 revision to the 2024 revision reflects a significant increase in the guideline value. The current figure of Rs 2,710 per sq.ft aligns with the median value of Rs 2,710 per sq.ft for the 17 streets in Moolacheri under the Pallavaram SRO.

Guideline values in Moolacheri

Moolacheri village features a range of guideline values for its streets, with figures for the 2024 revision ranging from Rs 1,100 to Rs 4,400 per sq.ft. The guideline value of Sathyam Golden Nest is equal to the median value of Rs 2,710 per sq.ft among these streets.

• Serene Avenue: Rs 4,400 per sq.ft (2024)
• Raj Garden: Rs 2,530 per sq.ft (2024)
• Sri Selva Perumal Nagar: Rs 1,650 per sq.ft (2024)
• Pearl Garden: Rs 3,410 per sq.ft (2024)
• M R Nagar: Rs 2,710 per sq.ft (2024)
• Vembuilamman Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sathyam Golden Nest

For a 1,000 sq.ft plot at the current guideline value of Rs 2,710 per sq.ft, the total guideline value amounts to Rs 27,10,000. The stamp duty at 7% would be Rs 1,89,700, and the registration fee at 2% would be Rs 54,200. Together, the total cost for duty and registration would be Rs 2,43,900. 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 details.

Which Sub Registrar Office covers Sathyam Golden Nest?

The Sathyam Golden Nest property falls under the jurisdiction of the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 Moolacheri

The guideline value plays a crucial role in the registration process of property transactions in Moolacheri. When a buyer or seller engages in a property transaction, the guideline value is used to determine the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the overall cost of the transaction. Accurate knowledge of this value ensures that all parties involved are informed about the financial implications of the property exchange.

Frequently asked questions

What is the current guideline value of Sathyam Golden Nest?

The current guideline value of Sathyam Golden Nest is Rs 2,710 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision of Rs 2,463 per sq.ft, the guideline value increased by 10% to Rs 2,710 per sq.ft in the 2024 revision.

What is the land classification of Sathyam Golden Nest?

Sathyam Golden Nest is classified as Residential Special Type - III.

What are the stamp duty and registration fees for Sathyam Golden Nest?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,10,000. The stamp duty at 7% is Rs 1,89,700, and the registration fee at 2% is Rs 54,200, totaling Rs 2,43,900 for duty and registration.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.