Guideline Value for SATHYAVEDU ROAD

Sathyavedu Road guideline value

The current guideline value of Sathyavedu Road is Rs 750 per sq.ft, effective from 1 July 2024. This road is located in Uthukottai village, under the Oothukkottai SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Sathyavedu Road has changed

Looking at the revisions, the guideline value for Sathyavedu Road has seen various changes over the years. In 2012, the value was set at Rs 750 per sq.ft, which then dropped to Rs 502 per sq.ft in 2017. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 750 per sq.ft. The 2024 revision retains this figure, with no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only available figures are from the revisions in 2012, 2017, 2023, and 2024.

Guideline values in Uthukottai

In Uthukottai, there are 120 streets under the Oothukkottai SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,000 per sq.ft, with a median value of Rs 500 per sq.ft. Sathyavedu Road's 2024 figure of Rs 750 per sq.ft is above this median.

• Sathyavedu Road Gandhi Street: Rs 500 per sq.ft (2024)
• Rrr Avenue: Rs 400 per sq.ft (2024)
• Roja Street: Rs 500 per sq.ft (2024)
• Reddy Street: Rs 750 per sq.ft (2024)
• Reddiar Burialground Road Upto Melcitrapakkam Annanagar Road: Rs 300 per sq.ft (2024)
• Reddiar Burialground Road: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sathyavedu Road

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, totaling Rs 67,500. 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 detailed calculations.

Which Sub Registrar Office covers Sathyavedu Road?

The Sub Registrar Office that covers Sathyavedu Road is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Uthukottai

The guideline value plays a crucial role during the registration of property transactions in Uthukottai. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency and compliance with local regulations in property dealings.

Frequently asked questions

What is the current guideline value of Sathyavedu Road?

The current guideline value of Sathyavedu Road is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then back to Rs 750 per sq.ft in 2023 and 2024, with a significant increase of 49% from 2017 to 2023.

What are the stamp duty and registration fees for a property on Sathyavedu Road?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would be Rs 67,500, based on the current guideline value of Rs 7,50,000.

Which office handles property registrations for Sathyavedu Road?

The Oothukkottai Sub Registrar Office handles property registrations for Sathyavedu Road, located near the government hospital in Uthukottai.

What is the land classification for Sathyavedu Road?

Sathyavedu Road is classified as Commercial Class I Type - II, which indicates its suitability for commercial activities.