Guideline Value for Sathya Nagar 5th Street

Sathya Nagar 5th Street guideline value

The current guideline value of Sathya Nagar 5th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village, under the Adayar SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Sathya Nagar 5th Street has changed

The guideline value for Sathya Nagar 5th Street has seen several revisions over the years. The earliest recorded figure is from 2003, when it was Rs 229 per sq.ft. This value increased significantly to Rs 1,250 per sq.ft in 2007, marking a change of +446%. In 2012, the value was Rs 2,000 per sq.ft, which was a decrease of -33% from the previous revision. By 2017, the value rose to Rs 1,340 per sq.ft, and then it increased to Rs 2,000 per sq.ft in 2023, reflecting a +49% change. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, showing a +10% increase from 2023.

It is important to note that the register has no figure for Sathya Nagar 5th Street for the year 2002. The overall change from 2003 to 2024 is an increase of +861%.

Guideline values in Kottivakkam

In Kottivakkam village, there are 284 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value in this area is Rs 3,900 per sq.ft, which means Sathya Nagar 5th Street's 2024 value is below that median.

• Sathya Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Sathya Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Sathya Nagar 2nd 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 5th 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, making the total cost for these fees Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sathya Nagar 5th Street?

The Sub Registrar Office that covers Sathya Nagar 5th Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

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

When a buyer or seller engages in a property transaction, the guideline value is referenced to ensure that the appropriate fees are calculated according to the prevailing rates. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Sathya Nagar 5th Street?

The current guideline value of Sathya Nagar 5th 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 from Rs 229 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of +861% over the years.

What are the stamp duty and registration fees for properties in Sathya Nagar 5th Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.

Which Sub Registrar Office covers Sathya Nagar 5th Street?

The Adayar Sub Registrar Office covers Sathya Nagar 5th Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the median guideline value in Kottivakkam?

The median guideline value in Kottivakkam is Rs 3,900 per sq.ft, which means that Sathya Nagar 5th Street's 2024 value is below this median.