Guideline Value for Sathyamoorthy Street

Sathyamoorthy Street guideline value

The current guideline value of Sathyamoorthy Street, located in Pammal village under the Pammal SRO, is Rs 1,980 per sq.ft. This value is effective from 1 July 2024. The land classification for this street is Residential Class II Type - II.

How the guideline value of Sathyamoorthy Street has changed

The guideline value for Sathyamoorthy Street has seen several revisions over the years. The oldest revision available is from 2017, where the guideline value was Rs 1,206 per sq.ft. This value increased significantly to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Sathyamoorthy Street's value below this median.

• Sathyamoorthy Street, V.O.C Nagar: Rs 2,750 per sq.ft (2024)
• Sathyamurthy Street / Anna Nagar: Rs 2,750 per sq.ft (2024)
• Sathyamurthy Street / Panchayat Colony: Rs 1,980 per sq.ft (2024)
• Satesab Lane -Kalayanipuram: Rs 1,760 per sq.ft (2024)
• Sastri Street, Dr.Ambedhar Nagar: Rs 1,980 per sq.ft (2024)
• Sastha Nagar: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Sathyamoorthy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sathyamoorthy Street?

The Sathyamoorthy Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Sathyamoorthy Street?

The current guideline value of Sathyamoorthy Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the median guideline value for streets in Pammal?

The median guideline value for the 926 streets in Pammal under the Pammal SRO is Rs 2,090 per sq.ft as of 2024.

What are the stamp duty rates for property in Sathyamoorthy Street?

The stamp duty rate for property transactions in Sathyamoorthy Street is 7%, charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Sathyamoorthy Street?

The Pammal Sub Registrar Office covers Sathyamoorthy Street and is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.