Guideline Value for Sathiyavani Muthu Street, Chennai 82

Sathiyavani Muthu Street, Chennai 82 guideline value

The current guideline value of Sathiyavani Muthu Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sathiyavani Muthu Street, Chennai 82 has changed

The guideline value for Sathiyavani Muthu Street has seen several revisions over the years. Starting from Rs 1,200 per sq.ft in 2007, it increased to Rs 4,000 per sq.ft in 2012. However, it then decreased to Rs 2,680 per sq.ft in 2017. Following this, the value rose significantly to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft as of the 2024 revision. The changes between these revisions include a 233% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, which means that Sathiyavani Muthu Street's current guideline value is below this median.

• Sastri Street, Chennai 82: Rs 4,900 per sq.ft (2024)
• Sayee Nagar 1st street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Sayee Nagar 2nd street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Sayee Nagar 3rd & 4th street, Chennai 82: Rs 4,400 per sq.ft (2024)
• SBI Officers colony: Rs 5,500 per sq.ft (2024)
• Sarojini Street, Chennai 82: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sathiyavani Muthu Street, Chennai 82

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sathiyavani Muthu Street, Chennai 82?

The Sub Registrar Office that covers Sathiyavani Muthu Street is the AnnaNagar 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 Ayanavaram

The guideline value is a crucial factor when buying or selling property in Ayanavaram. It serves as a benchmark for determining the applicable stamp duty and registration fees during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to accurately calculate the costs involved in property transactions.

When a property is registered, the guideline value is used to assess the stamp duty, which is charged at a percentage of the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sathiyavani Muthu Street, Chennai 82?

The current guideline value of Sathiyavani Muthu Street, Chennai 82 is Rs 4,400 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 2007 to Rs 4,400 per sq.ft in 2024, with various increases and decreases in between. The largest increase was 233% from 2007 to 2012.

Which Sub Registrar Office covers Sathiyavani Muthu Street, Chennai 82?

The AnnaNagar Sub Registrar Office covers Sathiyavani Muthu Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Sathiyavani Muthu Street is 7%, calculated on the higher of the guideline value or the sale price.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It serves as a benchmark for compliance with local regulations and helps in calculating the costs involved in buying or selling property.