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Guideline Value

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Guideline Value for Sathangadu High Road (Corner Plots)

₹3800/sq.ft.

The guideline value for Sathangadu High Road (corner Plots) in Satthankadu village (Thiruvottiyur SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Satthankadu

Village

Thiruvottiyur

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sathangadu High Road (corner Plots)

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Sathangadu High Road (Corner Plots) guideline value

The current guideline value for Sathangadu High Road (Corner Plots) is Rs 3,800 per sq.ft, effective from 1 July 2024. This property is located in Satthankadu village and falls under the Thiruvottiyur SRO, classified as Commercial Special Type - I.

How the guideline value of Sathangadu High Road (Corner Plots) has changed

The guideline value for Sathangadu High Road (Corner Plots) has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 1,100 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 218%. However, it then decreased to Rs 2,345 per sq.ft in 2017, a drop of 33%. The value rebounded to Rs 3,500 per sq.ft in 2023, and has now risen to Rs 3,800 per sq.ft in the 2024 revision, reflecting a 9% increase.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, there has been a substantial increase of 245%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Satthankadu

In Satthankadu, there are 71 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,400 per sq.ft, placing the guideline value for Sathangadu High Road (Corner Plots) above the median.

Stamp duty and registration fee for property in Sathangadu High Road (Corner Plots)

For a 1,000 sq.ft plot at the current rate of Rs 3,800 per sq.ft, the guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathangadu High Road (Corner Plots)?

The Sathangadu High Road (Corner Plots) falls under the jurisdiction of the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Satthankadu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value for Sathangadu High Road (Corner Plots)?

The current guideline value for Sathangadu High Road (Corner Plots) is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 245% over the years.

What is the land classification of Sathangadu High Road (Corner Plots)?

Sathangadu High Road (Corner Plots) is classified as Commercial Special Type - I, which influences its guideline value.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Sathangadu?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 at 7%.