Guideline Value for SATHYAVANI MUTHU NAGAR 4TH CROSS LINK STREET

Sathyavani Muthu Nagar 4th Cross Link Street guideline value

The current guideline value of Sathyavani Muthu Nagar 4th Cross Link 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 4th Cross Link Street has changed

The guideline value for Sathyavani Muthu Nagar 4th Cross Link Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the 2017 revision figure of Rs 1,675 per sq.ft. The latest revision in 2024 has increased the value to Rs 2,700 per sq.ft, marking a significant rise of 61% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 8%.

It is important to note that for the years 2002, 2003, 2007, and 2023, the register has no figure for this street in it.

Guideline values in Perambur

In Perambur, there are a total of 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 guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the 2024 figure for Sathyavani Muthu Nagar 4th Cross Link Street.

• Sathyavani Muthu Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 6th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sathyavani Muthu Nagar 4th Cross Link Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the 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 essential 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 details.

Which Sub Registrar Office covers Sathyavani Muthu Nagar 4th Cross Link Street?

The Sub Registrar Office that covers Sathyavani Muthu Nagar 4th Cross Link 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 factor during property registration in Perambur, as it determines the amount of stamp duty and registration fees that must be paid. Buyers and sellers should be aware that the guideline value serves as a benchmark for property transactions, ensuring that the property is registered at a value that reflects its worth according to the government.

When a property is sold, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Sathyavani Muthu Nagar 4th Cross Link Street?

The current guideline value of Sathyavani Muthu Nagar 4th Cross Link 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, the change from 2012 to 2024 is an increase of 8%.

What is the land classification for Sathyavani Muthu Nagar 4th Cross Link Street?

Sathyavani Muthu Nagar 4th Cross Link Street is classified under Residential Class III Type - II land classification.

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

For a property valued at 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. This is calculated based on the guideline value.

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

The Sub Registrar Office for Sathyavani Muthu Nagar 4th Cross Link Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.