Guideline Value for Sathya Nagar 3rd street

Sathya Nagar 3rd street guideline value

The current guideline value of Sathya Nagar 3rd street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village under the Adayar SRO, classified as Residential Class IV Type - II.

How the guideline value of Sathya Nagar 3rd street has changed

The guideline value for Sathya Nagar 3rd street has seen several revisions over the years. In 2002, the guideline value was Rs 192 per sq.ft, which increased to Rs 229 per sq.ft in 2003, marking a 19% rise. The value then surged significantly to Rs 1,250 per sq.ft in 2007, reflecting a remarkable increase of 446%. Following this, the value was revised to Rs 2,000 per sq.ft in 2012, which was a decrease of 33% from the previous figure.

In 2017, the guideline value rose to Rs 1,340 per sq.ft, an increase of 49% from the 2012 revision. The most recent revisions show a jump to Rs 2,000 per sq.ft in 2023, followed by a further increase to Rs 2,200 per sq.ft in 2024, which is a 10% rise. The register has no figure for the years not mentioned in the provided data.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO, with guideline values ranging from Rs 1,700 to Rs 8,500 per sq.ft as of 2024. The median guideline value for these streets is Rs 3,900 per sq.ft, placing Sathya Nagar 3rd street's 2024 figure below this median.

• Sathya Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Sathya Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Sathya Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Sathiya Nagar Main Road: Rs 2,200 per sq.ft (2024)
• Sathiya Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Sekar Nagar: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sathya Nagar 3rd street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathya Nagar 3rd street?

The Sub Registrar Office that covers Sathya Nagar 3rd street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value is an essential component in the property registration process in Kottivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, making it crucial to understand the current rates.

Frequently asked questions

What is the current guideline value of Sathya Nagar 3rd street?

The current guideline value of Sathya Nagar 3rd street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 192 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1046% over the years.

What are the guideline values of other streets in Kottivakkam?

Other streets in Kottivakkam have varying guideline values, with rates ranging from Rs 1,700 to Rs 8,500 per sq.ft in 2024. Sathya Nagar 3rd street's value is Rs 2,200 per sq.ft.

What fees are associated with property registration in Sathya Nagar 3rd street?

The fees for property registration include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Sathya Nagar 3rd street located?

The Sub Registrar Office for Sathya Nagar 3rd street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.