Guideline Value for Sathya St

Sathya St guideline value

The current guideline value for Sathya St in Chitlapakkam village is not published; it was last notified at Rs 1,200 per sq.ft in the 2012 revision. This street falls under the Tambaram Joint 1 SRO and is classified as Government Poramboke land.

How the guideline value of Sathya St has changed

The guideline value for Sathya St was last recorded in the 2012 revision at Rs 1,200 per sq.ft. There are no figures available for the revisions in 2024, 2023, 2017, 2007, 2003, and 2002, indicating that the register has no figure for this street in those years.

Since the 2012 revision, there have been no changes in the guideline value for Sathya St. The absence of figures in the subsequent revisions suggests a lack of updates for this particular street.

Guideline values in Chitlapakkam

Chitlapakkam has a total of 548 streets under the Tambaram Joint 1 SRO, with guideline values for the year 2024 ranging from Rs 1,100 to Rs 8,800 per sq.ft, where the median is Rs 1,650 per sq.ft. Sathya St does not have a current rate, but it is important to note the values of other streets in the area.

• Savitha Avenue: Rs 1,320 per sq.ft (2024)
• Sayee Avenue: Rs 2,750 per sq.ft (2024)
• SBI colony Ist street: Rs 2,750 per sq.ft (2024)
• Saththirapathy Sivaji 1st Street Sanmugam Nagar: Rs 1,650 per sq.ft (2024)
• Saththapathy Sivaji 2nd Street Sanmugam Nagar: Rs 1,650 per sq.ft (2024)
• Sathrapathi Sivaji Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Sathya St

As there is no current rate for Sathya St, a worked example cannot be provided. It is important to note that stamp duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathya St?

The Sub Registrar Office that covers Sathya St is 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Chitlapakkam. 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 duties.

When buying or selling property, the guideline value helps both buyers and sellers understand the expected market value of the property. It is essential for buyers to be aware of this value to avoid overpaying and for sellers to set competitive prices during negotiations.

Frequently asked questions

What is the current guideline value of Sathya St?

The current guideline value for Sathya St is not published; it was last notified at Rs 1,200 per sq.ft during the 2012 revision.

How often is the guideline value revised?

The guideline value is typically revised periodically, but for Sathya St, there are no figures available for the revisions in 2024, 2023, 2017, 2007, 2003, and 2002.

What is the land classification of Sathya St?

Sathya St is classified as Government Poramboke land, which indicates that it is designated for public use and is not meant for private ownership.

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

The Sub Registrar Office for Sathya St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What are the guideline values for other streets in Chitlapakkam?

Other streets in Chitlapakkam have varying guideline values. For instance, Savitha Avenue is Rs 1,320 per sq.ft, while Sayee Avenue and SBI colony Ist street are both Rs 2,750 per sq.ft in 2024.