Guideline Value for SATHYAVANI MUTHU NAGAR 15TH STREET

Sathyavani Muthu Nagar 15th Street guideline value

The current guideline value of Sathyavani Muthu Nagar 15th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, with a land classification of Residential Class III Type - II.

How the guideline value of Sathyavani Muthu Nagar 15th Street has changed

The guideline value for Sathyavani Muthu Nagar 15th Street has undergone several revisions over the years. The oldest recorded revision is from 2012, where the guideline value was Rs 2,500 per sq.ft. This was followed by a decrease in 2017 to Rs 1,675 per sq.ft, marking a reduction of 33%. However, the most recent revision in 2024 saw a significant increase to Rs 2,700 per sq.ft, which represents a 61% increase from the 2017 figure.

Overall, from 2012 to 2024, the guideline value has seen a slight increase of 8%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2023 for this street in the register.

Guideline values in Perambur

In Perambur, a total of 1114 streets under the Purasaivakkam SRO have a guideline value for 2024 ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is the same as the current guideline value for Sathyavani Muthu Nagar 15th Street.

• Sathyavani Muthu Nagar 14th Street: Rs 2,700 per sq.ft (2024)
• Sathya Vani Muthu Nagar 16th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 13th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 12th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 2nd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sathyavani Muthu Nagar 15th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sathyavani Muthu Nagar 15th Street?

The Sub Registrar Office that covers Sathyavani Muthu Nagar 15th 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 critical component in the property registration process in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on the property's worth.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is essential for buyers to be aware of the guideline value to avoid overpaying and for sellers to price their properties competitively.

Frequently asked questions

What is the current guideline value of Sathyavani Muthu Nagar 15th Street?

The current guideline value of Sathyavani Muthu Nagar 15th 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 has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then increased to Rs 2,700 per sq.ft in 2024. Overall, from 2012 to 2024, there has been an increase of 8%.

What is the land classification for Sathyavani Muthu Nagar 15th Street?

The land classification for Sathyavani Muthu Nagar 15th Street is Residential Class III Type - II.

What is the registration office for Sathyavani Muthu Nagar 15th Street?

The registration office for Sathyavani Muthu Nagar 15th 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 Sathyavani Muthu Nagar 15th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 27,00,000, leading to a stamp duty of Rs 1,89,000 at 7%.