Guideline Value for Saththani vaishthaival Street

Saththani vaishthaival Street guideline value

The current guideline value of Saththani vaishthaival Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village under the Uthiramerur SRO, classified as Residential Class I Type - I.

How the guideline value of Saththani vaishthaival Street has changed

Over the years, the guideline value for Saththani vaishthaival Street has seen several revisions. The earliest recorded figure is from 2007, where it was Rs 147 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 580%. However, from 2012 to 2017, the value decreased by 33% to Rs 670 per sq.ft. The value then increased by 49% to Rs 1,000 per sq.ft in the 2023 revision, and it remained unchanged at Rs 1,000 per sq.ft in the 2024 revision.

The guideline value register has no figures for Saththani vaishthaival Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 580%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. Saththani vaishthaival Street's 2024 guideline value is above this median.

• Sathakkam Street: Rs 900 per sq.ft (2024)
• Sathakkam Melandai Street: Rs 900 per sq.ft (2024)
• Sathakkam Kizhandai Street: Rs 900 per sq.ft (2024)
• Sellammal Nagar: Rs 401 per sq.ft (2024)
• Sappani Goundar street: Rs 1,000 per sq.ft (2024)
• Sengundha Pillaiyar Koil Strreet: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Saththani vaishthaival Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making a total of Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Saththani vaishthaival Street?

The Sub Registrar Office that covers Saththani vaishthaival Street is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Uthiramerur. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the transaction is transparent and that the government receives the appropriate stamp duty and registration fees based on the guideline value.

When a buyer and seller agree on a sale price, the registration process will consider the guideline value to ensure that the duties are calculated correctly. If the sale price is lower than the guideline value, the duty will be charged based on the guideline value to prevent undervaluation.

Frequently asked questions

What is the current guideline value of Saththani vaishthaival Street?

The current guideline value of Saththani vaishthaival Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 147 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreasing to Rs 670 per sq.ft in 2017, and finally stabilizing at Rs 1,000 per sq.ft in both 2023 and 2024.

What is the median guideline value in Uthiramerur?

The median guideline value in Uthiramerur is Rs 800 per sq.ft, while Saththani vaishthaival Street's current value is above this median at Rs 1,000 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 1,000 per sq.ft, the total fees would amount to Rs 90,000.

Which office handles the registration for Saththani vaishthaival Street?

The Uthiramerur Sub Registrar Office handles the registration for Saththani vaishthaival Street, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.