Guideline Value for Sathakkam Street

Sathakkam Street guideline value

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

How the guideline value of Sathakkam Street has changed

Since the 2007 revision, the guideline value for Sathakkam Street has seen significant changes. The 2007 revision recorded a guideline value of Rs 100 per sq.ft, which increased dramatically to Rs 900 per sq.ft in the 2012 revision, marking an increase of 800%. However, in the 2017 revision, the value dropped to Rs 603 per sq.ft, a decrease of 33%. The 2023 revision maintained this value at Rs 900 per sq.ft, and the 2024 revision also remains unchanged at Rs 900 per sq.ft, reflecting a 0% change between 2023 and 2024.

There are no figures available for the revisions in 2002 and 2003 for Sathakkam Street. Overall, from 2007 to 2024, the guideline value has increased by 800%.

Guideline values in Uthiramerur

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

• Sathakkam Melandai Street: Rs 900 per sq.ft (2024)
• Sathakkam Kizhandai 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 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 fees to Rs 81,000. It is important to note that 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 Sathakkam Street?

The Sub Registrar Office covering Sathakkam 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 plays a crucial role in the registration process when buying or selling property in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that all transactions are fairly assessed according to the established values.

When a property is sold, the buyer must pay the stamp duty 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 Sathakkam Street?

The current guideline value of Sathakkam 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 changed from Rs 100 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, then decreased to Rs 603 per sq.ft in 2017, and remained at Rs 900 per sq.ft in both 2023 and 2024.

What is the land classification of Sathakkam Street?

Sathakkam Street is classified as Residential Class II Type - I.

Where can I find other guideline values in Uthiramerur?

You can find other guideline values for streets in Uthiramerur listed on the Uthiramerur SRO website, with values ranging from Rs 200 to Rs 1,800 per sq.ft.

What are the stamp duty and registration fees for a property in Sathakkam Street?

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