Guideline Value for Sathiyamoorthy 1st Cross st

Sathiyamoorthy 1st Cross st guideline value

The current guideline value of Sathiyamoorthy 1st Cross st is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of Sathiyamoorthy 1st Cross st has changed

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,005 per sq.ft, marking a -33% change. The subsequent revision in 2023 increased the value to Rs 1,500 per sq.ft, and then in 2024, it rose again to Rs 1,650 per sq.ft, reflecting a +10% change from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of +49%, bringing the value back to Rs 1,500 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by +10%, indicating a return to the 2012 figure and surpassing it in the latest revision.

Guideline values in Peerklankaranai

Peerklankaranai village has a total of 322 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 4,400 per sq.ft. The median value is Rs 1,650 per sq.ft, which is equal to the current guideline value of Sathiyamoorthy 1st Cross st. Below are other streets in Peerklankaranai:

• Sathyamurthi Street Extension: Rs 1,650 per sq.ft (2024)
• Sathyamurthy Street: Rs 2,200 per sq.ft (2024)
• Seevagasindhamani Street: Rs 1,320 per sq.ft (2024)
• Sannathi St: Rs 1,320 per sq.ft (2024)
• Senbagam Street: Rs 1,320 per sq.ft (2024)
• Samrajeeya Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Sathiyamoorthy 1st Cross st

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000, bringing the total cost to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sathiyamoorthy 1st Cross st?

The Sathiyamoorthy 1st Cross st is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Peerklankaranai, the guideline value is used to calculate stamp duty and registration fees, which are mandatory costs in the transaction process.

It is crucial for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of property transactions. The guideline value helps ensure transparency and fairness in property dealings, providing a standardized basis for valuation.

Frequently asked questions

What is the current guideline value of Sathiyamoorthy 1st Cross st?

The current guideline value of Sathiyamoorthy 1st Cross st is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 1,650 per sq.ft in 2024, up from Rs 1,500 per sq.ft in 2023, and Rs 1,005 per sq.ft in 2017.

What is the land classification of Sathiyamoorthy 1st Cross st?

Sathiyamoorthy 1st Cross st is classified as Residential Class I Type - II, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for Sathiyamoorthy 1st Cross st?

The Sub Registrar Office covering Sathiyamoorthy 1st Cross st is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Peerklankaranai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at a rate of 7%.