Guideline Value for Sathish Nagar

Sathish Nagar guideline value

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

How the guideline value of Sathish Nagar has changed

The guideline value of Sathish Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased to Rs 670 per sq.ft in 2017, marking a change of 68%. The value rose significantly to Rs 1,000 per sq.ft in 2023, reflecting a 49% increase from the previous revision. As of the 2024 revision, the guideline value stands at Rs 1,100 per sq.ft, representing a 10% increase from 2023.

There are no figures available in the register for the years 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. Sathish Nagar's 2024 guideline value is below this median.

• Sathish Nagar Veerasamy Street: 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

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 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 Sathish Nagar?

The Sathish Nagar area falls under 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 is a crucial factor when registering property transactions in Pozhichalur. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

When you buy or sell property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of Sathish Nagar?

The current guideline value of Sathish Nagar 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 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

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

Other streets in Pozhichalur with similar guideline values include Sathish Nagar Veerasamy Street, Sathavarayan Koil Street, and Shankaralingam Street, all at Rs 1,100 per sq.ft in 2024.

How is stamp duty calculated in Sathish Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at Rs 1,100 per sq.ft, the stamp duty would be Rs 77,000.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.