Guideline Value for SATHYAVANI MUTHU NAGAR 2ND STREET

Sathyavani Muthu Nagar 2nd Street guideline value

The current guideline value of Sathyavani Muthu Nagar 2nd 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 is classified as Residential Class III Type - II.

How the guideline value of Sathyavani Muthu Nagar 2nd Street has changed

The guideline value of Sathyavani Muthu Nagar 2nd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the 2024 revision saw a significant increase to Rs 2,700 per sq.ft, which is a rise of 61% from the 2017 figure.

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

Guideline values in Perambur

In Perambur village, there are 1114 streets under the Purasaivakkam SRO, with the 2024 guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which is equal to the current guideline value of Sathyavani Muthu Nagar 2nd Street.

• Sathyavani Muthu Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Sathya Vani Muthu Nagar 16th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 4th Cross Link Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 15th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 4th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sathyavani Muthu Nagar 2nd 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. Together, the total cost for stamp duty and registration fee would be Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for a more tailored estimate.

Which Sub Registrar Office covers Sathyavani Muthu Nagar 2nd Street?

The Sub Registrar Office that covers Sathyavani Muthu Nagar 2nd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For further assistance, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in the property market.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for completing the transaction. This ensures that both parties are aware of the costs involved based on the official valuation provided by the Registration Department.

Frequently asked questions

What is the current guideline value of Sathyavani Muthu Nagar 2nd Street?

The current guideline value of Sathyavani Muthu Nagar 2nd 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. There are no figures available for the years 2002, 2003, 2007, and 2023.

What are the stamp duty and registration fees for property in Sathyavani Muthu Nagar 2nd Street?

For a plot of 1,000 sq.ft at the current guideline value, the total guideline value is Rs 27,00,000. The stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office is responsible for Sathyavani Muthu Nagar 2nd Street?

The Purasaivakkam Sub Registrar Office is responsible for Sathyavani Muthu Nagar 2nd Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification of Sathyavani Muthu Nagar 2nd Street?

Sathyavani Muthu Nagar 2nd Street is classified as Residential Class III Type - II.