Guideline Value for Sathiyamoorthy Street

Sathiyamoorthy Street guideline value

The current guideline value of Sathiyamoorthy Street in Thiruvallur village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Sathiyamoorthy Street has changed

The guideline value for Sathiyamoorthy Street has seen several revisions over the years. In the 2007 revision, the value was Rs 320 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 213%. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, a drop of 33%. The value then increased to Rs 1,000 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 244%. The register has no figure for Sathiyamoorthy Street in the years 2002 and 2003.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the current guideline value of Sathiyamoorthy Street.

• Seerisabaratinam Street: Rs 1,100 per sq.ft (2024)
• Sannathin Street: Rs 2,750 per sq.ft (2024)
• Sangeeth Garden: Rs 1,100 per sq.ft (2024)
• Sembaruthi Cross Street: Rs 550 per sq.ft (2024)
• Sembaruthi Nagar: Rs 1,100 per sq.ft (2024)
• Seran Street: Rs 1,100 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sathiyamoorthy Street?

The Sathiyamoorthy Street falls under the Tiruvallur Joint 1 Sub Registrar Office located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruvallur. It serves as a benchmark for determining the value of the property for stamp duty and registration fees.

When a property transaction occurs, the guideline value helps ensure that the taxes collected are based on a standardized value, which is essential for maintaining transparency and fairness in real estate transactions.

Frequently asked questions

What is the current guideline value of Sathiyamoorthy Street?

The current guideline value of Sathiyamoorthy Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 320 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 244% over the years.

What are the other streets with similar guideline values in Thiruvallur?

Other streets in Thiruvallur with the same guideline value of Rs 1,100 per sq.ft include Seerisabaratinam Street, Sangeeth Garden, and Sembaruthi Nagar.

What fees are associated with buying property in Sathiyamoorthy Street?

The fees include a stamp duty of 7% and a registration fee of 2%, calculated based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office covering Sathiyamoorthy Street is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.