Guideline Value for Sathiyavani Muthu Street

Sathiyavani Muthu Street guideline value

The current guideline value of Sathiyavani Muthu Street is Rs 830 per sq.ft, effective from 1 July 2024. This street is located in Agaramthen village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Sathiyavani Muthu Street has changed

The guideline value of Sathiyavani Muthu Street has undergone several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which then changed to Rs 502 per sq.ft in the 2017 revision. This was a decrease of 33%. Following that, the 2023 revision increased the value to Rs 750 per sq.ft, and the current 2024 revision has further raised it to Rs 830 per sq.ft, marking an increase of 11% from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value is Rs 830 per sq.ft, which is equal to the current value of Sathiyavani Muthu Street.

• School Street: Rs 990 per sq.ft (2024)
• Saravanan Avenue: Rs 2,310 per sq.ft (2024)
• Ruby Greenvillee: Rs 1,770 per sq.ft (2024)
• Ramar Street: Rs 830 per sq.ft (2024)
• Sri Brahma Sakthi Nagar: Rs 440 per sq.ft (2024)
• Ramadoss Nagar: Rs 550 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 830 per sq.ft, the total guideline value amounts to Rs 8,30,000. The stamp duty at 7% would be Rs 58,100, and the registration fee at 2% would be Rs 16,600, bringing the total to Rs 74,700. 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 details.

Which Sub Registrar Office covers Sathiyavani Muthu Street?

The Sub Registrar Office that covers Sathiyavani Muthu Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Agaramthen. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps establish a fair price for the transaction. Buyers should be aware of the guideline value to understand the potential 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 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then to Rs 750 per sq.ft in 2023, and finally to Rs 830 per sq.ft in 2024.

What is the land classification for Sathiyavani Muthu Street?

The land classification for Sathiyavani Muthu Street is Residential Class I Type - II.

Where can I find the Sub Registrar Office for Sathiyavani Muthu Street?

The Sub Registrar Office for Sathiyavani Muthu Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,30,000, the total stamp duty and registration fees would amount to Rs 74,700.