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Guideline Value

Corporate

Guideline Value for Sathiya Moorthy Street (1 to 5)

₹2640/sq.ft.

The guideline value for Sathiya Moorthy Street (1 To 5) in Perungalathur village (Padappai SRO, Chennai zone) is Rs 2640 per sq.ft, effective 1 July 2024. It was Rs 2400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungalathur

Village

Padappai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2640 /sq.ft.
From 1-4-2023 ₹2400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1608 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sathiya Moorthy Street (1 To 5)

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Sathiya Moorthy Street (1 to 5) guideline value

The current guideline value of Sathiya Moorthy Street (1 to 5) is Rs 2,640 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sathiya Moorthy Street (1 to 5) has changed

Since 2007, the guideline value for Sathiya Moorthy Street has seen significant changes. In 2007, the value was Rs 300 per sq.ft, which increased to Rs 2,400 per sq.ft in 2012. However, this value decreased by 33% to Rs 1,608 per sq.ft in 2017. The guideline value then rose dramatically to Rs 2,400 per sq.ft in 2023, marking a 49% increase. The most recent revision in 2024 has further increased the value to Rs 2,640 per sq.ft, reflecting a 10% rise from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 780%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for the area is Rs 2,310 per sq.ft, placing Sathiya Moorthy Street's current value above this median.

Stamp duty and registration fee for property in Sathiya Moorthy Street (1 to 5)

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 at 7% would be Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, bringing the total to Rs 2,37,600. 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 Sathiya Moorthy Street (1 to 5)?

The Sub Registrar Office that covers Sathiya Moorthy Street (1 to 5) is 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 details.

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

The guideline value plays a crucial role in property transactions in Perungalathur. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When buying or selling property, it is essential to consider the guideline value, as it ensures compliance with local regulations. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the applicable fees.

Frequently asked questions

What is the current guideline value of Sathiya Moorthy Street?

The current guideline value of Sathiya Moorthy Street (1 to 5) 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 significantly from Rs 300 per sq.ft in 2007 to Rs 2,640 per sq.ft in 2024. Notable changes include a decrease to Rs 1,608 per sq.ft in 2017 and an increase to Rs 2,400 per sq.ft in 2023.

What is the median guideline value in Perungalathur?

The median guideline value in Perungalathur is Rs 2,310 per sq.ft. Sathiya Moorthy Street's current value is above this median.

What are the stamp duty and registration fees for properties in Sathiya Moorthy Street?

For a property valued at Rs 26,40,000, the stamp duty would be Rs 1,84,800, and the registration fee would be Rs 52,800, totaling Rs 2,37,600.

Which office handles registrations for Sathiya Moorthy Street?

The Padappai Sub Registrar Office handles registrations for Sathiya Moorthy Street (1 to 5). It is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.