Guideline Value for Sathavarayan Koil Street

Sathavarayan Koil Street guideline value

The current guideline value of Sathavarayan Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sathavarayan Koil Street has changed

The guideline value for Sathavarayan Koil Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, an increase from Rs 1,000 per sq.ft in 2023, marking a 10% rise. Prior to that, the 2017 revision recorded a guideline value of Rs 670 per sq.ft, indicating a significant increase of 49% when compared to the 2023 figure. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This upward trend highlights the changes in property valuation over the years, reflecting the current guideline value of Rs 1,100 per sq.ft.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a guideline value for 2024, with values ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value in this area is Rs 1,320 per sq.ft, placing Sathavarayan Koil Street's 2024 figure below that median.

• Sathish Nagar: Rs 1,100 per sq.ft (2024)
• Sathish Nagar Veerasamy Street: Rs 1,100 per sq.ft (2024)
• Sanumuga Nagar: Rs 1,320 per sq.ft (2024)
• Samanathar Street: Rs 1,650 per sq.ft (2024)
• Shankaralingam Street: Rs 1,100 per sq.ft (2024)
• Shanmuga Nagar Nethaji Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Sathavarayan Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty is charged at 7%, which totals Rs 77,000, while the registration fee is 2%, amounting to Rs 22,000. Thus, the total cost for stamp duty and registration fees together is Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sathavarayan Koil Street?

The Sathavarayan Koil Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Pozhichalur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and complies with local regulations.

Furthermore, the guideline value helps in establishing a baseline for property pricing in the area. It serves as a reference point for buyers and sellers, ensuring that they are aware of the official valuation of properties in Pozhichalur.

Frequently asked questions

What is the current guideline value of Sathavarayan Koil Street?

The current guideline value of Sathavarayan Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the other streets in Pozhichalur with similar guideline values?

Other streets in Pozhichalur with similar guideline values include Sathish Nagar and Sathish Nagar Veerasamy Street, both at Rs 1,100 per sq.ft, and Sanumuga Nagar at Rs 1,320 per sq.ft.

What fees are associated with property transactions in Sathavarayan Koil Street?

When transacting property, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Sathavarayan Koil Street?

The Pammal Sub Registrar Office is responsible for handling registrations for properties on Sathavarayan Koil Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.