Guideline Value for SATHYAVANI MUTHU NAGAR 9TH STREET

Sathyavani Muthu Nagar 9th Street guideline value

The current guideline value of Sathyavani Muthu Nagar 9th 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 9th Street has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a significant decline of 33%. However, from 2017 to the 2024 revision, the value increased to Rs 2,700 per sq.ft, reflecting a rise of 61%. Overall, from the 2012 figure to the 2024 figure, there has been a slight increase of 8%.

The register has no figure for Sathyavani Muthu Nagar 9th Street for the years 2002, 2003, 2007, and 2023.

Guideline values in Perambur

In Perambur, there are 1114 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 guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the guideline value of Sathyavani Muthu Nagar 9th Street.

• Sathyavani Muthu Nagar 8th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 7th 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 9th 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, leading to a total of 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathyavani Muthu Nagar 9th Street?

The Sub Registrar Office that covers Sathyavani Muthu Nagar 9th 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 in the registration process for buying or selling property in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in transactions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sathyavani Muthu Nagar 9th Street?

The current guideline value of Sathyavani Muthu Nagar 9th 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, then increased to Rs 2,700 per sq.ft in 2024. This reflects a decline from 2012 to 2017 and a significant increase from 2017 to 2024.

What is the land classification for Sathyavani Muthu Nagar 9th Street?

Sathyavani Muthu Nagar 9th Street falls under the Residential Class III Type - II land classification.

Where can I find the registration office for Sathyavani Muthu Nagar 9th Street?

The registration office for Sathyavani Muthu Nagar 9th 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 Sathyavani Muthu Nagar 9th Street?

The stamp duty for properties in Sathyavani Muthu Nagar 9th Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.