Guideline Value for Sathiyavani Muthu Street

Sathiyavani Muthu Street guideline value

The current guideline value of Sathiyavani Muthu Street is Rs 1,980 per sq.ft. This street is located in Kerugambakkam village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Sathiyavani Muthu Street has changed

The guideline value for Sathiyavani Muthu Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft, which was increased to Rs 1,800 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 1,980 per sq.ft, marking a 10% increase from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2017 to 2024, it has risen by 64%. This reflects a significant change in the valuation of properties on Sathiyavani Muthu Street.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, positioning Sathiyavani Muthu Street's 2024 value below the median.

• Sankaralinganar Street: Rs 2,750 per sq.ft (2024)
• Samundeeswari Nagar: Rs 1,980 per sq.ft (2024)
• S.G.R.Nagar: Rs 1,980 per sq.ft (2024)
• Sakthi Nagar Avenue: Rs 2,750 per sq.ft (2024)
• Sai Avenue: Rs 1,980 per sq.ft (2024)
• Royal Vila: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Sathiyavani Muthu Street

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 at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees to 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 details.

Which Sub Registrar Office covers Sathiyavani Muthu Street?

The Sub Registrar Office that covers Sathiyavani Muthu Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kerugambakkam. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is bought or sold, the guideline value helps ensure that the transaction is recorded accurately in the official register. This value is essential for both buyers and sellers to understand the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Sathiyavani Muthu Street?

The current guideline value of Sathiyavani Muthu Street is Rs 1,980 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and it is now Rs 1,980 per sq.ft in 2024, reflecting a total increase of 64% from 2017 to 2024.

What is the stamp duty for property in Sathiyavani Muthu Street?

The stamp duty for property in Sathiyavani Muthu Street is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600.

Which Sub Registrar Office is responsible for Sathiyavani Muthu Street?

The Pammal Sub Registrar Office is responsible for Sathiyavani Muthu Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Sathiyavani Muthu Street?

Sathiyavani Muthu Street is classified as Residential Class II Type - II according to the guideline value register.