Guideline Value for Sathya Nagar

Sathya Nagar guideline value

The current guideline value of Sathya Nagar, located in Sethupattu village under the Sriperumpudur SRO, is Rs 450 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - I.

How the guideline value of Sathya Nagar has changed

Over the years, the guideline value of Sathya Nagar has seen several revisions. The 2012 revision set the value at Rs 450 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 450 per sq.ft. The 2017 revision had a lower value of Rs 301 per sq.ft, reflecting a decrease of 33% from 2012. The most recent revision in 2024 shows no change from the previous year, maintaining the value at Rs 450 per sq.ft.

From 2017 to 2023, there was a significant increase of 50%, bringing the value back to Rs 450 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained stable, showing a 0% change during this period. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sethupattu

Sethupattu village has 23 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 300 per sq.ft. Sathya Nagar's guideline value of Rs 450 per sq.ft is above this median.

• Sabari Nagar: Rs 300 per sq.ft (2024)
• Sri Hayagreevar Nagar: Rs 150 per sq.ft (2024)
• P.S.Nagar Ph.II: Rs 250 per sq.ft (2024)
• P.S.Nagar: Rs 250 per sq.ft (2024)
• Perumal Koil Street: Rs 250 per sq.ft (2024)
• Tambaram Sriperumpudur Road: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sathya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value amounts to Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, bringing the total cost for these fees to Rs 40,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathya Nagar?

The Sathya Nagar area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Sethupattu. It serves as the basis for calculating stamp duty and registration fees, ensuring that all transactions are conducted at a fair and regulated value.

When buying or selling property, both parties must consider the guideline value as it influences the total costs involved in the transaction. It is essential for buyers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Sathya Nagar?

The current guideline value of Sathya Nagar is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 450 per sq.ft since 2012, with a notable increase of 50% from Rs 301 per sq.ft in 2017 to Rs 450 per sq.ft in 2023. There has been no change from 2023 to 2024.

What is the land classification of Sathya Nagar?

Sathya Nagar is classified as Residential Class IV Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Sathya Nagar?

The Sub Registrar Office covering Sathya Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated in Sathya Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 4,50,000, the stamp duty would be Rs 31,500 at a rate of 7%.