Guideline Value

Corporate

Guideline Value for Sathiya Nagar Main Road

₹2200/sq.ft.

The guideline value for Sathiya Nagar Main Road in Kottivakkam village (Adayar SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottivakkam

Village

Adayar

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1250 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹381 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹320 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[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 Nagar Main Road

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Sathiya Nagar Main Road guideline value

The current guideline value of Sathiya Nagar Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Kottivakkam village under the Adayar SRO and is classified as Residential Class IV Type - II.

How the guideline value of Sathiya Nagar Main Road has changed

The guideline value for Sathiya Nagar Main Road has experienced several revisions over the years. In 2002, the value was Rs 320 per sq.ft, which increased to Rs 381 per sq.ft in 2003, marking a 19% rise. The value then saw a substantial increase of 228% to reach Rs 1,250 per sq.ft in 2007. Following this, the guideline value rose by 60% to Rs 2,000 per sq.ft in 2012, but then it decreased by 33% to Rs 1,340 per sq.ft in 2017. The value was revised to Rs 2,000 per sq.ft in 2023, and the latest revision in 2024 is Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 588%. There are no figures available for the revisions in years other than those mentioned.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO, with guideline values for 2024 ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing Sathiya Nagar Main Road's 2024 figure below this median.

Stamp duty and registration fee for property in Sathiya Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sathiya Nagar Main Road?

The Sathiya Nagar Main Road falls under the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Kottivakkam. It serves as the baseline for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions, protecting both buyers and sellers.

Frequently asked questions

What is the current guideline value of Sathiya Nagar Main Road?

The current guideline value of Sathiya Nagar Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 320 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 588% over the years.

What are the stamp duty and registration fees for property in Sathiya Nagar Main Road?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 22,00,000, the total fees would amount to Rs 1,98,000.

Which office handles property registrations in Sathiya Nagar Main Road?

The Adayar Sub Registrar Office handles property registrations for Sathiya Nagar Main Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for Sathiya Nagar Main Road?

Sathiya Nagar Main Road is classified as Residential Class IV Type - II, which indicates its designation for residential purposes within the area.