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Guideline Value

Corporate

Guideline Value for Sathyamoorthi Nagar 2nd Cross Street

₹1200/sq.ft.

The guideline value for Sathyamoorthi Nagar 2nd Cross 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 2nd Cross Street

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Sathyamoorthi Nagar 2nd Cross Street guideline value

The current guideline value of Sathyamoorthi Nagar 2nd Cross Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Venkatapuram village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Sathyamoorthi Nagar 2nd Cross Street has changed

The guideline value for Sathyamoorthi Nagar 2nd Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which was then decreased to Rs 737 per sq.ft in the 2017 revision. Following this, the value saw a significant increase to Rs 1,100 per sq.ft in the 2023 revision, and further increased to Rs 1,200 per sq.ft in the 2024 revision, marking a 9% rise from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. However, the value decreased by 33% from the 2012 revision to the 2017 revision. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Venkatapuram

In Venkatapuram, there are 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 2024 figure for Sathyamoorthi Nagar 2nd Cross Street.

Stamp duty and registration fee for property in Sathyamoorthi Nagar 2nd Cross 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 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 precise calculations based on your specific property details.

Which Sub Registrar Office covers Sathyamoorthi Nagar 2nd Cross Street?

The Sub Registrar Office that covers Sathyamoorthi Nagar 2nd Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Venkatapuram. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in question. It is essential to consider this value, as it influences the overall transaction costs, including the stamp duty and registration fees that need to be paid during the registration process.

Frequently asked questions

What is the current guideline value for Sathyamoorthi Nagar 2nd Cross Street?

The current guideline value for Sathyamoorthi Nagar 2nd Cross 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 increased 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 for Sathyamoorthi Nagar 2nd Cross Street?

Sathyamoorthi Nagar 2nd Cross Street is classified as Residential Special Type - I.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For example, a property valued at Rs 12,00,000 would incur a stamp duty of Rs 84,000 and a registration fee of Rs 24,000.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles registrations for properties in Sathyamoorthi Nagar 2nd Cross Street.