Guideline Value for Sathya Nagar

Sathya Nagar guideline value

The current guideline value of Sathya Nagar is Rs 3,000 per sq.ft, effective from 1 July 2024. This area is located in Puthagaram village, under the Ambattur Sub Registrar Office (SRO). The land classification for this street is Residential Special Type - II.

How the guideline value of Sathya Nagar has changed

The guideline value for Sathya Nagar has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 2,800 per sq.ft. This value remained the same until the next revision in 2017, where it decreased to Rs 1,876 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49% to Rs 2,800 per sq.ft. The most recent revision in 2024 saw the guideline value rise to Rs 3,000 per sq.ft, marking a 7% increase from the previous year.

There are no recorded figures for Sathya Nagar in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has seen a net increase of 7%.

Guideline values in Puthagaram

Puthagaram village has 140 streets under the Ambattur SRO carrying a 2024 guideline value ranging from Rs 1,200 to Rs 3,800 per sq.ft, with a median value of Rs 1,900 per sq.ft. Sathya Nagar's 2024 guideline value of Rs 3,000 per sq.ft is above this median.

• Sathyamoorthy Nagar: Rs 1,600 per sq.ft (2024)
• Sathyanagar Anex: Rs 3,000 per sq.ft (2024)
• S.B.O.A .Teachers Nagar: Rs 2,200 per sq.ft (2024)
• Sarathy Nagar Extention: Rs 2,200 per sq.ft (2024)
• Sarathy Nagar: Rs 2,200 per sq.ft (2024)
• Saraswathi Nagar Annexe & Ext: Rs 3,500 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 3,000 per sq.ft, the total guideline value amounts to Rs 30,00,000. The stamp duty, charged at 7%, would be Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, leading to a total of Rs 2,70,000. It is important 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?

The Sub Registrar Office that covers Sathya Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Puthagaram, as it determines the minimum value at which a property can be registered. When buying or selling property, this value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is legally recognized.

Additionally, the guideline value serves as a benchmark for property taxation and other regulatory requirements. Buyers and sellers should be aware of this value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Sathya Nagar?

The current guideline value of Sathya Nagar is Rs 3,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2012 to Rs 1,876 per sq.ft in 2017, then increased to Rs 2,800 per sq.ft in 2023, and finally to Rs 3,000 per sq.ft in 2024.

What are the other streets in Puthagaram and their guideline values?

Other streets in Puthagaram include Sathyamoorthy Nagar at Rs 1,600 per sq.ft, Sathyanagar Anex at Rs 3,000 per sq.ft, and several others ranging from Rs 2,200 to Rs 3,500 per sq.ft.

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

For a property valued at Rs 30,00,000, the stamp duty is Rs 2,10,000 and the registration fee is Rs 60,000, totaling Rs 2,70,000.

Which office handles property registrations in Sathya Nagar?

The Ambattur Sub Registrar Office handles property registrations for Sathya Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.