Guideline Value for SATHYAVANI MUTHU NAGAR 7TH STREET

Sathyavani Muthu Nagar 7th Street guideline value

The current guideline value of Sathyavani Muthu Nagar 7th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Sathyavani Muthu Nagar 7th Street has changed

In the 2012 revision, the guideline value was set at Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the guideline value increased significantly to Rs 2,700 per sq.ft, representing a rise of 61%. Overall, from 2012 to 2024, the guideline value has increased by 8%.

The register does not have figures for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values in 2024 ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which is the same as the 2024 figure for Sathyavani Muthu Nagar 7th Street.

• Sathyavani Muthu Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 8th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 9th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 4th Cross Link Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sathyavani Muthu Nagar 7th 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, making the total cost for these fees 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.

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

Which Sub Registrar Office covers Sathyavani Muthu Nagar 7th Street?

The Sub Registrar Office that covers Sathyavani Muthu Nagar 7th 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 plays a crucial role during property registration in Perambur. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is sold, the guideline value or the sale price is considered, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the current market conditions as reflected in the guideline values.

Frequently asked questions

What is the current guideline value of Sathyavani Muthu Nagar 7th Street?

The current guideline value of Sathyavani Muthu Nagar 7th 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 7th Street?

The land classification for Sathyavani Muthu Nagar 7th Street is Residential Class III Type - II.

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

The Sub Registrar Office for Sathyavani Muthu Nagar 7th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are 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 would be Rs 1,89,000, and the registration fee would be Rs 54,000.