Guideline Value for Sathya Nagar

Sathya Nagar guideline value

The current guideline value of Sathya Nagar, located in Kannampalayam village under the Kunrathur SRO, is Rs 990 per sq.ft, effective from 1 July 2024. This area is classified as 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 revision was in 2007, with a guideline value of Rs 200 per sq.ft. This increased significantly to Rs 900 per sq.ft in 2012, marking a 350% rise. However, in 2017, the value adjusted downwards to Rs 603 per sq.ft, a decrease of 33%. The value then rose again to Rs 900 per sq.ft in 2023, followed by a further increase to Rs 990 per sq.ft in 2024, representing a 10% change.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 395%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kannampalayam

In Kannampalayam, there are 75 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 765 to Rs 4,000 per sq.ft, with a median value of Rs 1,375 per sq.ft. Sathya Nagar's current guideline value is below this median.

• Samy Reddy Nagar: Rs 765 per sq.ft (2024)
• Sai Nagar: Rs 1,210 per sq.ft (2024)
• Shunmuga Nagar: Rs 765 per sq.ft (2024)
• Silambarasan Avenue: Rs 955 per sq.ft (2024)
• R.A. Nagar: Rs 990 per sq.ft (2024)
• Sree Kamatchi Amman Nagar: Rs 2,460 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 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sathya Nagar?

The Sathya Nagar area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kannampalayam. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that both parties adhere to the legal requirements set by the Registration Department.

When a property is registered, the guideline value serves as a benchmark for calculating the costs associated with the transaction. Buyers and sellers should be aware of the current guideline value to ensure they are prepared for the financial implications 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 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, showing an overall increase of 395% over the years.

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

For a 1,000 sq.ft property, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100 based on the current guideline value.

Which Sub Registrar Office covers Sathya Nagar?

The Kunrathur Sub Registrar Office covers Sathya Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of Sathya Nagar?

Sathya Nagar is classified as Residential Special Type - II, indicating its designated use for residential purposes within the area.