Guideline Value for Sathakkam Kizhandai Street

Sathakkam Kizhandai Street guideline value

The current guideline value of Sathakkam Kizhandai Street is Rs 900 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sathakkam Kizhandai Street has changed

The guideline value for Sathakkam Kizhandai Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 100 per sq.ft. This increased significantly to Rs 900 per sq.ft in 2012, then decreased to Rs 603 per sq.ft in 2017. The 2023 revision maintained the value at Rs 900 per sq.ft, and the same value continues into the 2024 revision, showing no change from the previous year.

Between the revisions, there have been notable changes. From 2007 to 2012, the value increased by 800%. However, from 2012 to 2017, there was a decrease of 33%. The value then increased by 49% from 2017 to 2023, and overall, from 2007 to 2024, the guideline value has increased by 800%.

Guideline values in Uthiramerur

In Uthiramerur village, there are 180 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value is Rs 800 per sq.ft, placing Sathakkam Kizhandai Street's 2024 figure above this median.

• Sathakkam Melandai Street: Rs 900 per sq.ft (2024)
• Sathakkam Street: Rs 900 per sq.ft (2024)
• Saththani vaishthaival Street: Rs 1,000 per sq.ft (2024)
• Sappani Goundar street: Rs 1,000 per sq.ft (2024)
• Sellammal Nagar: Rs 401 per sq.ft (2024)
• Sandilya Nagar: Rs 402 per sq.ft (2024)

Stamp duty and registration fee for property in Sathakkam Kizhandai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total cost to Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathakkam Kizhandai Street?

The Sub Registrar Office that covers Sathakkam Kizhandai Street is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the government receives the appropriate revenue from property transactions.

When selling property, the guideline value can influence the selling price, as it provides a standard reference point for both buyers and sellers. It is essential for both parties to be aware of the current guideline value to ensure a fair transaction.

Frequently asked questions

What is the current guideline value of Sathakkam Kizhandai Street?

The current guideline value of Sathakkam Kizhandai Street is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most significant increase occurring from Rs 100 per sq.ft in 2007 to Rs 900 per sq.ft in 2012. The value has remained stable at Rs 900 per sq.ft from 2012 to 2024.

What is the median guideline value in Uthiramerur?

The median guideline value in Uthiramerur is Rs 800 per sq.ft, with Sathakkam Kizhandai Street's 2024 value being above this median.

What are the registration fees for properties in Sathakkam Kizhandai Street?

For a property valued at Rs 9,00,000, the stamp duty is Rs 63,000 and the registration fee is Rs 18,000, totaling Rs 81,000.

Where can I find the Sub Registrar Office for Sathakkam Kizhandai Street?

The Sub Registrar Office for Sathakkam Kizhandai Street is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.