Guideline Value for SATHYAVANI MUTHU NAGAR 10TH STREET

Sathyavani Muthu Nagar 10th Street guideline value

The current guideline value of Sathyavani Muthu Nagar 10th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the jurisdiction of the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Sathyavani Muthu Nagar 10th Street has changed

The guideline value for Sathyavani Muthu Nagar 10th Street has seen several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 2,500 per sq.ft. The most recent revision in 2024 increased this value to Rs 2,700 per sq.ft, marking an increase of 8% from the 2012 figure.

There are no figures available for the years 2002, 2003, 2007, 2017, and 2023 in the guideline value register for this street. Therefore, the only recorded changes are between the 2012 and 2024 revisions.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value. The values range from Rs 1,600 to Rs 7,100 per sq.ft, with the median value being Rs 2,700 per sq.ft. Sathyavani Muthu Nagar 10th Street's 2024 guideline value is equal to this median.

• Sathyavani Muthu Nagar 11th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 12th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 13th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 14th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 15th Street: Rs 2,700 per sq.ft (2024)
• Sathya Vani Muthu Nagar 16th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sathyavani Muthu Nagar 10th 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, while the registration fee at 2% would be Rs 54,000. Together, the total cost for stamp duty and registration fee would be 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.

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

Which Sub Registrar Office covers Sathyavani Muthu Nagar 10th Street?

The Sub Registrar Office that covers Sathyavani Muthu Nagar 10th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value will be referenced to calculate the applicable stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Sathyavani Muthu Nagar 10th Street?

The current guideline value of Sathyavani Muthu Nagar 10th 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, reflecting an increase of 8%. There are no figures available for the years 2002, 2003, 2007, 2017, and 2023 for this street.

What is the registration office for Sathyavani Muthu Nagar 10th Street?

The registration office for Sathyavani Muthu Nagar 10th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in this area?

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

What is the land classification for Sathyavani Muthu Nagar 10th Street?

The land classification for Sathyavani Muthu Nagar 10th Street is Residential Class III Type - II, which determines the use and regulations for properties in this area.