Guideline Value for SATHYAVANI MUTHU NAGAR (TNSCB)

Sathyavani Muthu Nagar (Tnscb) guideline value

The current guideline value of Sathyavani Muthu Nagar (Tnscb) is Rs 3,300 per sq.ft, effective from 1 July 2024. This locality falls under Mylapore village and is registered at the Mylapore SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Sathyavani Muthu Nagar (Tnscb) has changed

The guideline value for Sathyavani Muthu Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is an increase from Rs 3,000 per sq.ft in the 2023 revision. Notably, there was no change in the value from 2012 to 2023, where it remained at Rs 3,000 per sq.ft. The overall change from the 2012 revision to the 2024 revision reflects a 10% increase.

There are no figures available in the register for the years 2002, 2003, 2007, and 2017 for this particular street. Hence, the values from those years are not applicable.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Sathyavani Muthu Nagar's 2024 figure below this median.

• School Road: Rs 9,300 per sq.ft (2024)
• Sathiyanarayana Avenue: Rs 25,300 per sq.ft (2024)
• School View Road: Rs 9,300 per sq.ft (2024)
• Sathiyadevi Avenue Extension: Rs 17,600 per sq.ft (2024)
• Sathiyadevi Avenue: Rs 22,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sathyavani Muthu Nagar (Tnscb)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost Rs 2,97,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sathyavani Muthu Nagar (Tnscb)?

The Sathyavani Muthu Nagar (Tnscb) area is covered by the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Mylapore. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the transaction is recorded accurately and in compliance with the regulations set by the Registration Department.

When engaging in a property transaction, it's essential to be aware of the current guideline value, as it influences the overall cost of registration. Buyers and sellers should consider this value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sathyavani Muthu Nagar (Tnscb)?

The current guideline value of Sathyavani Muthu Nagar (Tnscb) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. There was no change from 2012 to 2023, where it remained at Rs 3,000 per sq.ft.

What is the land classification for Sathyavani Muthu Nagar (Tnscb)?

The land classification for Sathyavani Muthu Nagar (Tnscb) is Residential Class V Type - III.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000. The duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Sathyavani Muthu Nagar (Tnscb)?

The Mylapore Sub Registrar Office covers Sathyavani Muthu Nagar and is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.