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Guideline Value

Corporate

Guideline Value for Sathyamoorthi Nagar 1st Street

₹1200/sq.ft.

The guideline value for Sathyamoorthi Nagar 1st Street in Venkatapuram village (Kunrathur SRO, Chennai zone) is Rs 1200 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Venkatapuram

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1200 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1100 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sathyamoorthi Nagar 1st Street

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Sathyamoorthi Nagar 1st Street guideline value

The current guideline value of Sathyamoorthi Nagar 1st Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Venkatapuram village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Sathyamoorthi Nagar 1st Street has changed

Since the 2012 revision, the guideline value has seen various changes. In 2012, the value was Rs 1,100 per sq.ft. This figure decreased to Rs 737 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value rose significantly by 49%, reaching Rs 1,100 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 1,200 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for Sathyamoorthi Nagar 1st Street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Venkatapuram

In Venkatapuram, there are a total of 68 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 1,200 per sq.ft. The median value for these streets is Rs 1,200 per sq.ft, which is equal to the current guideline value of Sathyamoorthi Nagar 1st Street.

Stamp duty and registration fee for property in Sathyamoorthi Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total cost for these fees to Rs 1,08,000. It is important to note that 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 Sathyamoorthi Nagar 1st Street?

The Sub Registrar Office that covers Sathyamoorthi Nagar 1st Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Venkatapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government collects appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is crucial for calculating the applicable taxes and fees associated with the transaction.

Frequently asked questions

What is the current guideline value of Sathyamoorthi Nagar 1st Street?

The current guideline value of Sathyamoorthi Nagar 1st Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,200 per sq.ft in 2024.

What is the land classification of Sathyamoorthi Nagar 1st Street?

The land classification for Sathyamoorthi Nagar 1st Street is Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Sathyamoorthi Nagar 1st Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 12,00,000 would incur a stamp duty of Rs 84,000 at 7%.