Guideline Value for Sathiyamoorthy Street

Sathiyamoorthy Street guideline value

The current guideline value of Sathiyamoorthy Street in Nasarathpettai village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Poonamallee SRO and is classified as Residential Class I Type - I.

How the guideline value of Sathiyamoorthy Street has changed

The guideline value for Sathiyamoorthy Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nasarathpettai

Nasarathpettai has 19 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft, with the median value being Rs 1,320 per sq.ft. Sathiyamoorthy Street's 2024 figure aligns with this median.

• Shri Vaaru Avenue: Rs 1,320 per sq.ft (2024)
• Rajarathinam nagar: Rs 1,320 per sq.ft (2024)
• Periya chetti theru enkira gandhi street: Rs 1,320 per sq.ft (2024)
• Thirupur Kumaran Street: Rs 1,320 per sq.ft (2024)
• Padasalai Street: Rs 1,320 per sq.ft (2024)
• Varadappa Mudaliar Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Sathiyamoorthy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, leading to a total of Rs 1,18,800. Stamp 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 information.

Which Sub Registrar Office covers Sathiyamoorthy Street?

The Sathiyamoorthy Street falls under the Poonamallee Sub Registrar Office located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Nasarathpettai. It is used to determine the stamp duty and registration fees applicable during the registration of property transactions. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is considered to ascertain the minimum value for charging stamp duty. This ensures that the transaction is registered at a value that reflects the current market conditions as established by the registration department.

Frequently asked questions

What is the current guideline value of Sathiyamoorthy Street?

The current guideline value of Sathiyamoorthy Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Sathiyamoorthy Street?

Sathiyamoorthy Street is classified as Residential Class I Type - I under the guideline value register.

What are the stamp duty and registration fees for property in Sathiyamoorthy Street?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Sathiyamoorthy Street?

The Poonamallee Sub Registrar Office handles registrations for Sathiyamoorthy Street, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.