Guideline Value for SATHYAVANI MUTHU NAGAR 1ST STREET

Sathyavani Muthu Nagar 1st Street guideline value

The current guideline value of Sathyavani Muthu Nagar 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and it falls under the Residential Class III Type - II land classification.

How the guideline value of Sathyavani Muthu Nagar 1st Street has changed

The guideline value for Sathyavani Muthu Nagar 1st Street has seen revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft. The most recent revision in 2024 increased this to Rs 2,700 per sq.ft, marking an increase of 8% from the previous figure. The register has no figures for the years 2003, 2007, 2017, and 2023.

From 2012 to 2024, the guideline value rose from Rs 2,500 to Rs 2,700 per sq.ft. This increase reflects the adjustments made over time, with the current value aligning with the median guideline value for the area.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which is equal to the current guideline value of Sathyavani Muthu Nagar 1st Street.

• Sathya Vani Muthu Nagar 16th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 15th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 14th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 4th Cross Link Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sathyavani Muthu Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. 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 Sathyavani Muthu Nagar 1st Street?

The Sub Registrar Office that covers Sathyavani Muthu Nagar 1st Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers should be aware of the guideline value to understand their financial obligations during property transactions.

Frequently asked questions

What is the current guideline value of Sathyavani Muthu Nagar 1st Street?

The current guideline value of Sathyavani Muthu Nagar 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, representing an increase of 8%. The register has no figures for the years 2003, 2007, 2017, and 2023.

What is the land classification for Sathyavani Muthu Nagar 1st Street?

Sathyavani Muthu Nagar 1st Street falls under the Residential Class III Type - II land classification.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sathyavani Muthu Nagar 1st Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at a rate of 7%.