Guideline Value for Sathasivam 2nd Street

Sathasivam 2nd Street guideline value

The current guideline value of Sathasivam 2nd Street is Rs 8,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 2 village, under the Chennai Central Joint I SRO, and is classified as Residential Class I Type - III.

How the guideline value of Sathasivam 2nd Street has changed

In the 2023 revision, the guideline value for Sathasivam 2nd Street was Rs 8,000 per sq.ft. The 2024 revision saw an increase of 9%, bringing the current value to Rs 8,700 per sq.ft. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

Thus, the only recorded revisions for Sathasivam 2nd Street are from 2023 and 2024, showing a clear upward adjustment in the guideline value over this period.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO that have a 2024 guideline value ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, placing Sathasivam 2nd Street's 2024 figure below the median.

• Sathasivam 1st Street: Rs 8,700 per sq.ft (2024)
• Sathyanarayana Avenue: Rs 13,200 per sq.ft (2024)
• Seethamma Cross Road: Rs 13,200 per sq.ft (2024)
• Seethammal Colony 1st Cross Street: Rs 13,200 per sq.ft (2024)
• Seethammal Colony 1st MainRoad: Rs 13,200 per sq.ft (2024)
• Seethammal Colony 2nd, 3rd Cross Street: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sathasivam 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,700 per sq.ft, the total guideline value would be Rs 87,00,000. The stamp duty at 7% would amount to Rs 6,09,000, and the registration fee at 2% would be Rs 1,74,000, totaling Rs 7,83,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sathasivam 2nd Street?

The Sub Registrar Office that covers Sathasivam 2nd Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is a crucial factor when registering property transactions in Mylapore Part 2. It serves as a reference point for determining the minimum value at which properties can be sold or bought, ensuring transparency in property dealings.

When you proceed with a property transaction, the guideline value will influence the stamp duty and registration fees applicable. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sathasivam 2nd Street?

The current guideline value of Sathasivam 2nd Street is Rs 8,700 per sq.ft, effective from 1 July 2024.

How much did the guideline value increase from 2023 to 2024?

The guideline value increased by 9% from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024.

Are there any previous revisions for Sathasivam 2nd Street?

The register has no figures for Sathasivam 2nd Street for the years 2002, 2003, 2007, 2012, and 2017. The only recorded revisions are from 2023 and 2024.

What is the median guideline value for streets in Mylapore Part 2?

The median guideline value for streets in Mylapore Part 2 is Rs 8,800 per sq.ft, which means Sathasivam 2nd Street's 2024 figure is below this median.

Where can I find the Sub Registrar Office for Sathasivam 2nd Street?

The Sub Registrar Office for Sathasivam 2nd Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can also find your SRO online.