Guideline Value for Sate Line

Sate Line guideline value

The current guideline value of Sate Line in Issa Pallavaram village is Rs 2,200 per sq.ft, effective from 1 July 2024. This falls under the Pallavaram SRO and is classified as Residential Class II Type - I.

How the guideline value of Sate Line has changed

The guideline value for Sate Line has undergone several revisions over the years. The earliest recorded value was Rs 92 per sq.ft in 2003, which saw a significant increase to Rs 400 per sq.ft in 2007. This was followed by a remarkable rise to Rs 2,000 per sq.ft in 2012, but then it dropped to Rs 1,340 per sq.ft in 2017. The value further increased to Rs 2,000 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 2,200 per sq.ft.

In summary, the changes in the guideline value from one revision to the next are as follows: from 2003 to 2007, it increased by 335%; from 2007 to 2012, it rose by 400%; however, from 2012 to 2017, it decreased by 33%. The value then increased by 49% from 2017 to 2023, and finally, it rose by 10% from 2023 to 2024. The register has no figure for this street for the year 2002.

Guideline values in Issa Pallavaram

In Issa Pallavaram, there are 110 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Sate Line is below this median.

• Sathiya Nagar: Rs 2,200 per sq.ft (2024)
• Sarathi Street: Rs 2,200 per sq.ft (2024)
• Saraswathi Colony: Rs 2,200 per sq.ft (2024)
• Selaiyur Street: Rs 2,200 per sq.ft (2024)
• Somasundaram Nagar: Rs 3,300 per sq.ft (2024)
• Ranganathan Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sate Line

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, leading to a total of Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Sate Line?

The Sate Line is covered by the Pallavaram Sub Registrar Office located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Issa Pallavaram. It determines the minimum value at which the property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must consider the guideline value to ensure compliance with legal requirements. The registration office will use this value to calculate the necessary fees, which must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Sate Line?

The current guideline value of Sate Line is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, starting from Rs 92 per sq.ft in 2003 and reaching Rs 2,200 per sq.ft in 2024, indicating a significant increase over the years.

What is the land classification for Sate Line?

Sate Line is classified as Residential Class II Type - I, which affects its guideline value and usage for property transactions.

What are the stamp duty rates applicable in Sate Line?

The stamp duty rate for property transactions in Sate Line is 7%, while the registration fee is charged at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Sate Line located?

The Pallavaram Sub Registrar Office, which covers Sate Line, is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.