Guideline Value for Sathangadu High Road

Sathangadu High Road guideline value

The current guideline value of Sathangadu High Road is Rs 3,800 per sq.ft, effective from 1 July 2024. This road is located in Satthankadu village and falls under the Thiruvottiyur SRO. The land classification for this area is Commercial Special Type - I.

How the guideline value of Sathangadu High Road has changed

The guideline value for Sathangadu High Road has changed significantly over the years. In 2002, the guideline value was Rs 329 per sq.ft, which increased to Rs 390 per sq.ft in 2003, marking a 19% rise. By 2007, the value jumped to Rs 1,100 per sq.ft, reflecting a substantial increase of 182%. The value then saw a remarkable increase to Rs 3,500 per sq.ft in 2012, which was a 218% increase from the previous revision. However, it decreased to Rs 2,345 per sq.ft in 2017, showing a decline of 33%. The guideline value then rose to Rs 3,500 per sq.ft in 2023, before reaching the current rate of Rs 3,800 per sq.ft in 2024, which is a 9% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1055%. There are no figures available for the revisions in years other than those listed.

Guideline values in Satthankadu

In Satthankadu village, 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, and Sathangadu High Road's 2024 figure is above this median.

• Sathangadu High Road (Corner Plots): Rs 3,800 per sq.ft (2024)
• Sathuma Nagar(Othavadai): Rs 3,400 per sq.ft (2024)
• Santhi street(Corner Plots): Rs 3,800 per sq.ft (2024)
• Sannathi Street Kaladipet: Rs 3,800 per sq.ft (2024)
• Seshachala Gramani Street: Rs 3,400 per sq.ft (2024)
• South kinaru street: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sathangadu High Road

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

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathangadu High Road?

The Sathangadu High Road is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Satthankadu. It is the value set by the government and is used to calculate the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is considered as a benchmark, and the fees are calculated based on this 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 Sathangadu High Road?

The current guideline value of Sathangadu High Road 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 seen significant changes over the years, increasing from Rs 329 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, which is an overall increase of 1055%.

What is the registration fee for property in Sathangadu High Road?

The registration fee is calculated at 2% of the guideline value. For example, for a property valued at Rs 38,00,000, the registration fee would be Rs 76,000.

Which Sub Registrar Office covers Sathangadu High Road?

The Thiruvottiyur Sub Registrar Office covers Sathangadu High Road, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

Where can I find the guideline values for other streets in Satthankadu?

The guideline values for other streets in Satthankadu can be found in the registration department's guideline value register, which provides a comprehensive list of values for various streets in the area.