Guideline Value for Sathiya Nagar

Sathiya Nagar guideline value

The current guideline value of Sathiya Nagar is Rs 1,480 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village, under the Kunrathur SRO, and falls under the Residential Class I Type - IV land classification.

How the guideline value of Sathiya Nagar has changed

As per the guideline value register, there are no figures available for Sathiya Nagar for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 1,340 per sq.ft, which was an increase from the previous years. The latest revision in 2024 raised the guideline value to Rs 1,480 per sq.ft, marking a change of +10% from the 2023 figure.

The 2024 guideline value of Rs 1,480 per sq.ft is below the median value of Rs 1,870 per sq.ft for the 208 streets in Mangadu -A under the Kunrathur SRO. The earlier revisions reflect a steady increase, with the 2023 value being Rs 1,340 per sq.ft, indicating a positive adjustment in property values in recent years.

Guideline values in Mangadu -A

In Mangadu -A, the guideline values range from Rs 1,320 to Rs 3,300 per sq.ft for the 2024 revision. Sathiya Nagar's guideline value is Rs 1,480 per sq.ft, which is below the median value of Rs 1,870 per sq.ft. Here are some other streets in Mangadu -A with their respective 2024 guideline values:

• School Street: Rs 1,760 per sq.ft (2024)
• Seetharamapuram: Rs 1,760 per sq.ft (2024)
• Santhi Nagar: Rs 1,760 per sq.ft (2024)
• Selvaganapathy Nagar: Rs 1,980 per sq.ft (2024)
• Senthamizh Nagar: Rs 2,200 per sq.ft (2024)
• Senthamizh Nagar Phase III: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sathiya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,480 per sq.ft, the total guideline value would be Rs 14,80,000. The stamp duty at 7% would amount to Rs 1,03,600, and the registration fee at 2% would be Rs 29,600, bringing the total to Rs 1,33,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathiya Nagar?

The Sub Registrar Office covering Sathiya Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value plays a crucial role in property transactions in Mangadu -A, as it is used to determine the stamp duty and registration fees when buying or selling property. Buyers and sellers must refer to the latest guideline value to ensure compliance with the registration requirements.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sathiya Nagar?

The current guideline value of Sathiya Nagar is Rs 1,480 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen an increase from Rs 1,340 per sq.ft in 2023 to Rs 1,480 per sq.ft in 2024, marking a change of +10%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Mangadu -A?

The median guideline value in Mangadu -A for 2024 is Rs 1,870 per sq.ft. Sathiya Nagar's guideline value is below this median.

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

For a property valued at Rs 14,80,000, the stamp duty would be Rs 1,03,600, and the registration fee would be Rs 29,600, totaling Rs 1,33,200. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sathiya Nagar?

The Sub Registrar Office for Sathiya Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details online.