Guideline Value for Satesab Lane -Kalayanipuram

Satesab Lane -Kalayanipuram guideline value

The current guideline value of Satesab Lane -Kalayanipuram is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class III Type - II.

How the guideline value of Satesab Lane -Kalayanipuram has changed

The guideline value for Satesab Lane -Kalayanipuram has seen significant changes over the years. In 2002, the guideline value was Rs 145 per sq.ft. This increased to Rs 164 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 260 per sq.ft in 2007, reflecting a 59% increase. By 2017, the value had jumped to Rs 1,072 per sq.ft, which is a substantial 312% increase from the 2007 figure. The register has no figure for this street in 2012.

Continuing from 2017, the guideline value increased to Rs 1,600 per sq.ft in 2023, a 49% rise. The most recent revision in 2024 set the value at Rs 1,760 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1,114%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with 2024 guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in the village is Rs 2,090 per sq.ft, placing Satesab Lane -Kalayanipuram's 2024 figure below that median.

• Sastri Street, Dr.Ambedhar Nagar: Rs 1,980 per sq.ft (2024)
• Sastha Nagar: Rs 1,760 per sq.ft (2024)
• Sathyamoorthy Street: Rs 1,980 per sq.ft (2024)
• Sathyamoorthy Street, V.O.C Nagar: Rs 2,750 per sq.ft (2024)
• Sargunar Salai, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Sargunam Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Satesab Lane -Kalayanipuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Satesab Lane -Kalayanipuram?

The Sub Registrar Office that covers Satesab Lane -Kalayanipuram is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Pammal. It serves as a benchmark for determining the minimum value of a property for registration purposes. When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for taxation and legal purposes.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is crucial for both buyers and sellers to accurately assess their financial obligations during a property transaction.

Frequently asked questions

What is the current guideline value of Satesab Lane -Kalayanipuram?

The current guideline value of Satesab Lane -Kalayanipuram is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 145 per sq.ft in 2002 to Rs 1,760 per sq.ft in 2024, which is an overall increase of 1,114%.

What are the stamp duty and registration fees for property in Satesab Lane -Kalayanipuram?

For a 1,000 sq.ft plot, the total guideline value is Rs 17,60,000, with stamp duty at Rs 1,23,200 and registration fees at Rs 35,200, totaling Rs 1,58,400.

Which office handles property registrations for Satesab Lane -Kalayanipuram?

The Pammal Sub Registrar Office handles property registrations for Satesab Lane -Kalayanipuram, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for property registration and is essential for calculating stamp duty and registration fees during transactions. It ensures that properties are registered at a fair value for taxation and legal purposes.