Guideline Value for Sathya Nagar

Sathya Nagar guideline value

The current guideline value of Sathya Nagar is Rs 880 per sq.ft, effective from 1 July 2024. Sathya Nagar is located in Attanthangal village, under the jurisdiction of the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sathya Nagar has changed

The guideline value for Sathya Nagar has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 500 per sq.ft. This increased to Rs 800 per sq.ft in the 2012 revision, but then decreased to Rs 536 per sq.ft in 2017. Following this, the 2023 revision raised the guideline value to Rs 800 per sq.ft, and the most recent 2024 revision has set it at Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 76%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Attanthangal

In Attanthangal, there are 80 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 880 per sq.ft, with the median value being Rs 880 per sq.ft. Sathya Nagar's 2024 figure is equal to this median.

• Seetha Lakshmi Nagar: Rs 440 per sq.ft (2024)
• Sakthivel Nagar: Rs 880 per sq.ft (2024)
• Sakthi Nagar: Rs 880 per sq.ft (2024)
• S.P.M. Nagar: Rs 550 per sq.ft (2024)
• Ram Nagar: Rs 880 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 880 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 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sathya Nagar?

Sathya Nagar falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Attanthangal. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standard valuation set by the authorities. This helps maintain consistency and transparency in property transactions.

Frequently asked questions

What is the current guideline value of Sathya Nagar?

The current guideline value of Sathya Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 500 per sq.ft to Rs 880 per sq.ft in 2024, reflecting an overall increase of 76%.

What are the other streets in Attanthangal with their guideline values?

Other streets in Attanthangal include Seetha Lakshmi Nagar at Rs 440 per sq.ft, S.P.M. Nagar at Rs 550 per sq.ft, and several streets such as Sakthivel Nagar, Sakthi Nagar, Ram Nagar, and Sri Ganapathy Nagar at Rs 880 per sq.ft.

What fees are associated with buying property in Sathya Nagar?

The fees associated with buying property in Sathya Nagar include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office covering Sathya Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.