Guideline Value for Sathiyapuri Huts

Sathiyapuri Huts guideline value

The current guideline value of Sathiyapuri Huts is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Kodambakkam village, under the Ashok Nagar SRO, and is classified as Residential Class V Type - I.

How the guideline value of Sathiyapuri Huts has changed

The guideline value for Sathiyapuri Huts has seen significant changes over the years. In 2007, the value was Rs 620 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012. However, it decreased to Rs 1,340 per sq.ft in 2017, before rising again to Rs 2,000 per sq.ft in 2023, and finally reaching Rs 2,200 per sq.ft in 2024. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 10%. The overall change from 2007 to 2024 is an increase of 255%. This illustrates the fluctuations in the guideline value over the years.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing Sathiyapuri Huts below this median.

• Sathiya Murthy Salai: Rs 3,300 per sq.ft (2024)
• Sathya Narayana Street: Rs 4,900 per sq.ft (2024)
• Sasthiri Street: Rs 2,200 per sq.ft (2024)
• Sarvamangala Colony Block 31: Rs 7,000 per sq.ft (2024)
• School 1 to 7 Cross Street: Rs 4,400 per sq.ft (2024)
• School Street (Jafferkhanpettai): Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sathiyapuri Huts

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the guideline value totals Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sathiyapuri Huts?

The Sub Registrar Office that covers Sathiyapuri Huts is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid during the transaction.

Understanding the guideline value is essential for both buyers and sellers, as it ensures that the property is registered at a fair value in accordance with the regulations set by the Registration Department. This helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Sathiyapuri Huts?

The current guideline value of Sathiyapuri Huts is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 620 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 255% over the years.

What is the land classification of Sathiyapuri Huts?

Sathiyapuri Huts is classified as Residential Class V Type - I, which is important for understanding its usage and potential in property transactions.

Where can I find the Sub Registrar Office for Sathiyapuri Huts?

The Sub Registrar Office for Sathiyapuri Huts is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Sathiyapuri Huts?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.