Guideline Value for Sathguru Apartments

Sathguru Apartments guideline value

The current guideline value of Sathguru Apartments in Perungalathur village is Rs 2,640 per sq.ft, effective from 1 July 2024. This property falls under the Padappai Sub Registrar Office and is classified as Residential Class I Type - I.

How the guideline value of Sathguru Apartments has changed

The guideline value for Sathguru Apartments has undergone several revisions over the years. Starting from the 2012 revision, the value was set at Rs 2,400 per sq.ft. This figure saw a decrease to Rs 1,608 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value rebounded significantly to Rs 2,400 per sq.ft in 2023, and then increased to Rs 2,640 per sq.ft in the 2024 revision, representing a 10% rise.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2012 revision to the current 2024 figure, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value range from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, placing Sathguru Apartments above this median.

• Sathiya Moorthy Lane: Rs 2,310 per sq.ft (2024)
• Sathiya Moorthy Street (1 to 5): Rs 2,640 per sq.ft (2024)
• Sasivaradhan Nagar Main Road: Rs 1,980 per sq.ft (2024)
• Sasi Varadhan Nagar: Rs 1,980 per sq.ft (2024)
• Sarojini Street: Rs 2,310 per sq.ft (2024)
• Sardar Adikesavalu Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Sathguru Apartments

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value amounts to Rs 26,40,000. The stamp duty charged at 7% would be Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, totaling Rs 2,37,600. 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 further assistance.

Which Sub Registrar Office covers Sathguru Apartments?

The Sathguru Apartments are covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registry.

When a property is sold, the guideline value is assessed to calculate the applicable duties. Buyers should be aware that the stamp duty is charged based on the higher value between the guideline value and the sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sathguru Apartments?

The current guideline value of Sathguru Apartments is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,400 per sq.ft in 2012 to Rs 1,608 per sq.ft in 2017, then to Rs 2,400 per sq.ft in 2023, and currently stands at Rs 2,640 per sq.ft in 2024.

What is the land classification of Sathguru Apartments?

Sathguru Apartments is classified as Residential Class I Type - I, indicating its designation for residential use.

Where can I find the registration office for Sathguru Apartments?

The registration office covering Sathguru Apartments is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Perungalathur?

The stamp duty for properties in Perungalathur is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,640 per sq.ft, the total guideline value would be Rs 26,40,000, leading to a stamp duty of Rs 1,84,800.