Guideline Value for Sathya Sayee Street

Sathya Sayee Street guideline value

The current guideline value of Sathya Sayee Street in Irumpuliyur village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - II.

How the guideline value of Sathya Sayee Street has changed

The guideline value for Sathya Sayee Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in the 2012 revision, marking a 300% increase. However, in the 2017 revision, the value decreased to Rs 1,340 per sq.ft, reflecting a drop of 33%. The value then rose to Rs 2,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 2,200 per sq.ft in the 2024 revision, representing a 10% increase.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 340%. The register has no figures for the years 2002 and 2003.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value, ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value of Sathya Sayee Street.

• Sathiya Sai Nagar Main Road 3: Rs 2,530 per sq.ft (2024)
• Sathiya Sai Nagar Main Road 2: Rs 2,530 per sq.ft (2024)
• Sathiya Sai Nagar Main Road 1: Rs 2,530 per sq.ft (2024)
• Sarma Street: Rs 2,530 per sq.ft (2024)
• Sellli amman Koil 1st Street: Rs 3,300 per sq.ft (2024)
• Senganiamman Koil Street: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Sathya Sayee Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty, charged at 7%, would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for stamp duty and registration would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathya Sayee Street?

The Sathya Sayee Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when it comes to property registration in Irumpuliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair price of the property. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Sathya Sayee Street?

The current guideline value of Sathya Sayee Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What are the registration fees for properties on Sathya Sayee Street?

The registration fee for properties on Sathya Sayee Street is calculated based on the guideline value, which is currently Rs 2,200 per sq.ft. The registration fee is 2% of the guideline value.

Which office handles registrations for Sathya Sayee Street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Sathya Sayee Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Irumpuliyur?

Stamp duty in Irumpuliyur is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.