Guideline Value for Sathaya Nagar

Sathaya Nagar guideline value

The current guideline value of Sathaya Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sathaya Nagar has changed

The guideline value for Sathaya Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 235 per sq.ft, which rose to Rs 300 per sq.ft in 2007. This marked an increase of 28%. By 2017, the value surged to Rs 1,072 per sq.ft, reflecting a substantial increase of 257%. The 2023 revision set the value at Rs 1,600 per sq.ft, which was a 49% rise from the previous revision. The most recent revision in 2024 has further increased the value to Rs 1,760 per sq.ft, a 10% increase from 2023.

It is important to note that the register does not have figures for Sathaya Nagar for the years 2002 and 2012. Overall, from 2003 to 2024, the guideline value has increased by 649%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a guideline value for 2024, ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. Sathaya Nagar's 2024 guideline value is below this median.

• Sasthri Street: Rs 2,350 per sq.ft (2024)
• Sathyanarayanan Street: Rs 1,320 per sq.ft (2024)
• Santhi Nagar VIth Lane: Rs 1,760 per sq.ft (2024)
• Santhi Nagar VIIth Lane: Rs 1,760 per sq.ft (2024)
• Santhi Nagar Main Road: Rs 1,760 per sq.ft (2024)
• Santhi Nagar Ivth Lane: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Sathaya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sathaya Nagar?

The Sub Registrar Office that covers Sathaya Nagar is 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 Anakaputhur

The guideline value is a critical factor when buying or selling property in Anakaputhur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the transaction.

When a property is sold, the sale price is compared with the guideline value. The higher of the two is used to calculate the necessary fees, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sathaya Nagar?

The current guideline value of Sathaya Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 235 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 649% over the years.

What is the registration office for Sathaya Nagar?

The registration office for Sathaya Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Sathaya Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 at a rate of 7%.

What are the other streets in Anakaputhur with their guideline values?

Other streets in Anakaputhur include Sasthri Street at Rs 2,350 per sq.ft, Sathyanarayanan Street at Rs 1,320 per sq.ft, and several streets in Santhi Nagar, all valued at Rs 1,760 per sq.ft.