Guideline Value for Sathiyamoorthy Nagar

Sathiyamoorthy Nagar guideline value

The current guideline value of Sathiyamoorthy Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Thiruvancheri village, under the Pallavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sathiyamoorthy Nagar has changed

Over the years, the guideline value of Sathiyamoorthy Nagar has seen significant changes. The 2007 revision set the value at Rs 200 per sq.ft, which increased dramatically to Rs 1,800 per sq.ft in 2012. However, this was followed by a decrease to Rs 1,206 per sq.ft in 2017. The value then rose to Rs 1,500 per sq.ft in 2023, and most recently, it has increased to Rs 1,980 per sq.ft in the 2024 revision, marking a 32% increase from the previous year.

From the 2017 revision to 2023, there was a 24% increase. The changes from 2012 to 2017 reflected a decrease of 33%, while the leap from 2007 to 2012 was a substantial 800%. Overall, from 2007 to 2024, the guideline value has increased by 890%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvancheri

In Thiruvancheri, there are 70 streets that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,000 per sq.ft, with the median value being Rs 1,980 per sq.ft. Sathiyamoorthy Nagar's 2024 guideline value aligns with this median.

• Sathish Avenue Phase I: Rs 2,530 per sq.ft (2024)
• Selvavinayagar Kovil Street: Rs 1,980 per sq.ft (2024)
• Serasa Pride Phase - 2: Rs 3,850 per sq.ft (2024)
• Serasa Pride Phase - III: Rs 3,850 per sq.ft (2024)
• Serenity Paradise: Rs 3,850 per sq.ft (2024)
• Sakthi Iyyanar Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Sathiyamoorthy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty, charged at 7%, would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sathiyamoorthy Nagar?

The Sub Registrar Office covering Sathiyamoorthy Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of properties in Thiruvancheri. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with property transactions. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sathiyamoorthy Nagar?

The current guideline value of Sathiyamoorthy Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 890% over this period.

What is the land classification for Sathiyamoorthy Nagar?

Sathiyamoorthy Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Sathiyamoorthy Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sathiyamoorthy Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at a rate of 7%.