Guideline Value for SATHYAVANI MUTHU NAGAR 8TH STREET

Sathyavani Muthu Nagar 8th Street guideline value

The current guideline value of Sathyavani Muthu Nagar 8th 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 8th Street has changed

The guideline value for Sathyavani Muthu Nagar 8th Street has undergone several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 2,500 per sq.ft. In 2017, the value decreased to Rs 1,675 per sq.ft, marking a decline of 33%. However, the most recent 2024 revision shows an increase to Rs 2,700 per sq.ft, reflecting a significant rise of 61% from the 2017 figure.

Overall, when comparing the 2012 and 2024 revisions, the guideline value has increased by 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, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, 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 figure for Sathyavani Muthu Nagar 8th Street.

• Sathyavani Muthu Nagar 7th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 9th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 5th 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 8th 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 or the sale price.

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

Which Sub Registrar Office covers Sathyavani Muthu Nagar 8th Street?

The Sub Registrar Office that covers Sathyavani Muthu Nagar 8th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, 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 in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the registration process reflects the appropriate value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sathyavani Muthu Nagar 8th Street?

The current guideline value of Sathyavani Muthu Nagar 8th 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 an overall increase of 8% from 2012 to 2024.

What is the land classification for Sathyavani Muthu Nagar 8th Street?

Sathyavani Muthu Nagar 8th Street is classified under the Residential Class III Type - II land classification.

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

The Sub Registrar Office for Sathyavani Muthu Nagar 8th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in this street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at 7%.