Guideline Value for SATHYAVANI MUTHU NAGAR 6TH STREET

Sathyavani Muthu Nagar 6th Street guideline value

The current guideline value of Sathyavani Muthu Nagar 6th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Sathyavani Muthu Nagar 6th Street has changed

The guideline value for Sathyavani Muthu Nagar 6th Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was followed by a decrease to Rs 1,675 per sq.ft in the 2017 revision. However, the most recent revision in 2024 has increased the guideline value to Rs 2,700 per sq.ft, marking a 61% increase from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that have a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value among these streets is Rs 2,700 per sq.ft, which is equal to the guideline value of Sathyavani Muthu Nagar 6th Street.

• Sathyavani Muthu Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 7th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 8th 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 9th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sathyavani Muthu Nagar 6th 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, 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 or the sale price.

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

Which Sub Registrar Office covers Sathyavani Muthu Nagar 6th Street?

The Sub Registrar Office covering Sathyavani Muthu Nagar 6th 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 crucial factor when registering property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are paid to the government. This process helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Sathyavani Muthu Nagar 6th Street?

The current guideline value of Sathyavani Muthu Nagar 6th 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 to Rs 2,700 per sq.ft in 2024. This represents a 61% increase from 2017 to 2024 and an overall increase of 8% from 2012 to 2024.

What are the guideline values of other streets in Perambur?

Other streets in Perambur under the Purasaivakkam SRO have a guideline value of Rs 2,700 per sq.ft in 2024, including Sathyavani Muthu Nagar 5th, 7th, 4th, 8th, 4th Cross Link, and 9th Streets.

What are the stamp duty and registration fees for property in Sathyavani Muthu Nagar 6th Street?

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

Which office handles property registration for Sathyavani Muthu Nagar 6th Street?

The Purasaivakkam Sub Registrar Office handles property registration for Sathyavani Muthu Nagar 6th Street, located at 93/1, Bricklin Road, Otteri, Chennai-600 012.