Guideline Value for SATHYAPURI STREET

Sathyapuri Street guideline value

The current guideline value of Sathyapuri Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Sathyapuri Street has changed

Over the years, the guideline value for Sathyapuri Street has seen significant changes. The earliest recorded revision was in 2007, which set the guideline value at Rs 1,650 per sq.ft. This figure remained unchanged until the 2012 revision, where it was again marked at Rs 6,500 per sq.ft. The next revision in 2023 maintained the same value of Rs 6,500 per sq.ft, but in 2024, the guideline value increased to Rs 7,100 per sq.ft, reflecting a 9% rise from the previous year.

Between the 2007 revision and the 2012 revision, there was a substantial increase of 294%. The overall change from 2007 to 2024 is a remarkable 330%. It is important to note that there are no figures available for Sathyapuri Street in the revisions for the years 2002, 2003, and 2017.

Guideline values in Puliyur

In Puliyur village, 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. The median guideline value for these streets is Rs 5,800 per sq.ft, positioning Sathyapuri Street's 2024 figure above this median.

• Sathya Narayanan Street: Rs 5,800 per sq.ft (2024)
• Sathya Narayanan Lane: Rs 5,800 per sq.ft (2024)
• Sathyamurthy Street: Rs 4,400 per sq.ft (2024)
• Sbi Officers Colony: Rs 7,100 per sq.ft (2024)
• School Road (Pallikoodam Salai): Rs 5,800 per sq.ft (2024)
• Sasthri Nagar: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Sathyapuri Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty, charged at 7%, would be Rs 4,97,000, while the registration fee at 2% would be Rs 1,42,000. Together, the total cost for these fees would be Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathyapuri Street?

The Sub Registrar Office that covers Sathyapuri 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the property is valued appropriately for taxation and legal purposes.

When a buyer or seller approaches the registration office, the guideline value is considered alongside the sale price. The higher of the two values will be used to calculate the applicable stamp duty and registration fees. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Sathyapuri Street?

The current guideline value of Sathyapuri Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,650 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, marking an overall increase of 330%.

What is the median guideline value in Puliyur?

The median guideline value for the 648 streets in Puliyur under the Kodambakkam SRO is Rs 5,800 per sq.ft.

What are the stamp duty rates for property in Sathyapuri Street?

The stamp duty for property transactions is charged at 7% of the higher value between the guideline value and the sale price.

Which office handles property registration for Sathyapuri Street?

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