Guideline Value for Sathish Nagar Veerasamy Street

Sathish Nagar Veerasamy Street guideline value

The current guideline value of Sathish Nagar Veerasamy Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village and falls under the Pammal SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sathish Nagar Veerasamy Street has changed

The guideline value for Sathish Nagar Veerasamy Street has experienced several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft. This figure increased to Rs 1,000 per sq.ft in the 2023 revision, representing a significant rise of 49%. The latest revision in 2024 has further increased the guideline value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO, with guideline 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 Sathish Nagar Veerasamy Street's 2024 figure below that median.

• Sathish Nagar: Rs 1,100 per sq.ft (2024)
• Sathavarayan Koil 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 Sathish Nagar Veerasamy 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 at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathish Nagar Veerasamy Street?

The Sub Registrar Office that covers Sathish Nagar Veerasamy Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Pozhichalur. It serves as a benchmark for determining the minimum price at which property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

Additionally, the guideline value helps in assessing the fair value of properties in the area. Buyers and sellers can refer to the guideline value to make informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Sathish Nagar Veerasamy Street?

The current guideline value of Sathish Nagar Veerasamy 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 changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and then to Rs 1,100 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification for Sathish Nagar Veerasamy Street?

The land classification for Sathish Nagar Veerasamy Street is Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Sathish Nagar Veerasamy Street?

The Sub Registrar Office for Sathish Nagar Veerasamy Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sathish Nagar Veerasamy Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total fee of Rs 99,000, which includes both stamp duty and registration fees.