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Guideline Value

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Guideline Value for Sathya Nagar I Main Road and Other Streets

₹5500/sq.ft.

The guideline value for Sathya Nagar I Main Road And Other Streets in Mugappair village (Konnur SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mugappair

Village

Konnur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sathya Nagar I Main Road And Other Streets

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Sathya Nagar I Main Road and Other Streets guideline value

The current guideline value for Sathya Nagar I Main Road and other streets in Mugappair village, under the Konnur SRO, is Rs 5,500 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Sathya Nagar I Main Road and Other Streets has changed

The guideline value for Sathya Nagar I Main Road and other streets has seen several revisions over the years. In 2007, the guideline value was Rs 1,500 per sq.ft, which increased to Rs 5,000 per sq.ft in 2012, marking a significant rise of 233%. However, it decreased to Rs 3,350 per sq.ft in 2017, a drop of 33%. The value then surged by 49% to Rs 5,000 per sq.ft in 2023, and further increased by 10% to reach the current value of Rs 5,500 per sq.ft in 2024.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Mugappair

In Mugappair, there are 224 streets under the Konnur SRO, with guideline values for 2024 ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value is Rs 7,100 per sq.ft, which means the current value of Sathya Nagar I Main Road and other streets is below this median.

Stamp duty and registration fee for property in Sathya Nagar I Main Road and Other Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathya Nagar I Main Road and Other Streets?

The Sub Registrar Office that covers Sathya Nagar I Main Road and other streets is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mugappair. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Sathya Nagar I Main Road?

The current guideline value for Sathya Nagar I Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 1,500 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 267%.

What are the other streets with the same guideline value?

Other streets in Mugappair with the same guideline value of Rs 5,500 per sq.ft include Satthallvar Street, Sathiya Nagar Second Main Road, and Sathiya Nagar First and Second Street.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Sathya Nagar I Main Road and other streets is 7% of the guideline value or sale price, whichever is higher.

Which office handles the registration of properties in Mugappair?

The Konnur Sub Registrar Office handles the registration of properties in Mugappair, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.