Guideline Value for Sathayavani Muthu Street (S.V.Nagar)

Sathayavani Muthu Street (S.V.Nagar) guideline value

The current guideline value of Sathayavani Muthu Street (S.V.Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sathayavani Muthu Street (S.V.Nagar) has changed

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This figure was then revised to Rs 1,005 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the guideline value increased significantly to Rs 1,500 per sq.ft, reflecting a change of 49%. The most recent revision in 2024 saw the value rise to Rs 1,600 per sq.ft, which is an increase of 7% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Sathayavani Muthu Street (S.V.Nagar). Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Sathayavani Muthu Street's 2024 figure below that median.

• Sathiyamoorthi Street(V.L. Puram): Rs 2,400 per sq.ft (2024)
• Sathya Street(Ram Nagar): Rs 2,400 per sq.ft (2024)
• Saraswathi Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Seenivasa Nagar: Rs 1,100 per sq.ft (2024)
• Seethakathi Street: Rs 1,600 per sq.ft (2024)
• Seetharaman Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sathayavani Muthu Street (S.V.Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. 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 detailed calculations.

Which Sub Registrar Office covers Sathayavani Muthu Street (S.V.Nagar)?

The Sub Registrar Office that covers Sathayavani Muthu Street (S.V.Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Oragadam. It is used to determine the stamp duty and registration fees payable when buying or selling property in the area.

When a property is registered, the guideline value serves as a reference point for calculating the applicable fees. Buyers and sellers should be aware that the higher of the guideline value or the sale price will be used to assess these charges.

Frequently asked questions

What is the current guideline value of Sathayavani Muthu Street (S.V.Nagar)?

The current guideline value of Sathayavani Muthu Street (S.V.Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has gone through several revisions: it was Rs 1,500 per sq.ft in 2012, decreased to Rs 1,005 per sq.ft in 2017, increased to Rs 1,500 per sq.ft in 2023, and finally reached Rs 1,600 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Sathayavani Muthu Street (S.V.Nagar)?

The Ambattur Sub Registrar Office covers Sathayavani Muthu Street (S.V.Nagar). Its address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Sathayavani Muthu Street (S.V.Nagar)?

The land classification for Sathayavani Muthu Street (S.V.Nagar) is Residential Class II Type - I, indicating its use for residential purposes.