Guideline Value for Sathiyavani Muthu Street

Sathiyavani Muthu Street guideline value

The current guideline value of Sathiyavani Muthu Street in Padiyanallur village is Rs 660 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Class II Type - I.

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 earliest recorded figure is Rs 300 per sq.ft from the 2007 revision. This value increased to Rs 600 per sq.ft in 2012, but then decreased to Rs 402 per sq.ft in 2017. Following that, the guideline value rose significantly to Rs 600 per sq.ft in 2023 and has now increased to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

There are no recorded figures for Sathiyavani Muthu Street in the 2002 and 2003 revisions. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 120%.

Guideline values in Padiyanallur

In Padiyanallur, there are 132 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 385 to Rs 2,750 per sq.ft. The median value for these streets is Rs 770 per sq.ft, indicating that Sathiyavani Muthu Street's current guideline value is below this median.

• Sastri Street (Bhavani Nagar): Rs 770 per sq.ft (2024)
• Santhi Nagar: Rs 660 per sq.ft (2024)
• Sanjai Gandhi Street: Rs 660 per sq.ft (2024)
• Shasthri Street: Rs 770 per sq.ft (2024)
• Sai Krishna Nagar: Rs 660 per sq.ft (2024)
• Shenbagaraman Street: Rs 770 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 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. 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 accurate calculations.

Which Sub Registrar Office covers Sathiyavani Muthu Street?

The Sub Registrar Office that covers Sathiyavani Muthu Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

When buying or selling property in Padiyanallur, the guideline value plays a crucial role during the registration process. It is the value used to determine the stamp duty and registration fees applicable to the transaction, ensuring that both parties are aware of the financial obligations involved.

Understanding the guideline value is essential for buyers and sellers alike, as it helps in making informed decisions during property transactions. It is advisable to refer to the latest figures to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sathiyavani Muthu Street?

The current guideline value of Sathiyavani Muthu Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

What are the guideline values of other streets in Padiyanallur?

Other streets in Padiyanallur have varying guideline values, with rates ranging from Rs 385 to Rs 2,750 per sq.ft. The median value for these streets is Rs 770 per sq.ft.

What is the stamp duty rate for properties in Sathiyavani Muthu Street?

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

Where is the Sub Registrar Office for Sathiyavani Muthu Street located?

The Sub Registrar Office for Sathiyavani Muthu Street is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.