Guideline Value for SATHYAMURTHY STREET

Sathyamurthy Street guideline value

The current guideline value of Sathyamurthy Street in Puliyur village, under the Kodambakkam SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class IV Type - II land classification.

How the guideline value of Sathyamurthy Street has changed

Over the years, the guideline value of Sathyamurthy Street has seen several revisions. The 2007 revision recorded a value of Rs 1,050 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, this figure decreased to Rs 2,680 per sq.ft in 2017, before rising to Rs 4,000 per sq.ft again in 2023. The most recent revision in 2024 has set the value at Rs 4,400 per sq.ft, marking a 10% increase from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 319%.

The register has no figure for Sathyamurthy Street for the years 2002 and 2003. The changes between the revisions reflect fluctuations in the guideline value, with the most notable increase occurring between 2007 and 2012, where the value jumped by 281%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. Sathyamurthy Street's guideline value of Rs 4,400 per sq.ft is below this median.

• Sathya Narayanan Lane: Rs 5,800 per sq.ft (2024)
• Sathya Narayanan Street: Rs 5,800 per sq.ft (2024)
• Sathyapuri Street: Rs 7,100 per sq.ft (2024)
• Sbi Officers Colony: Rs 7,100 per sq.ft (2024)
• Sasthri Nagar: Rs 5,800 per sq.ft (2024)
• School Road (Pallikoodam Salai): Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Sathyamurthy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sathyamurthy Street?

The Sub Registrar Office that covers Sathyamurthy Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance during the registration process.

When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted fairly and transparently, based on the established values for properties in the area.

Frequently asked questions

What is the current guideline value of Sathyamurthy Street?

The current guideline value of Sathyamurthy Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,050 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 319%.

What is the median guideline value in Puliyur?

The median guideline value in Puliyur is Rs 5,800 per sq.ft, while Sathyamurthy Street's value is below this median.

What are the stamp duty and registration fees for property in Sathyamurthy Street?

The stamp duty for a property valued at Rs 44,00,000 would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Sathyamurthy Street?

The Kodambakkam Sub Registrar Office handles registrations for Sathyamurthy Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.