Guideline Value for Sathyamurthy Street / Anna Nagar

Sathyamurthy Street / Anna Nagar guideline value

The current guideline value of Sathyamurthy Street / Anna Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Sathyamurthy Street / Anna Nagar has changed

The guideline value for Sathyamurthy Street / Anna Nagar has seen significant changes over the years. Starting from Rs 228 per sq.ft in 2002, the value increased to Rs 258 per sq.ft in 2003, marking a 13% rise. In 2007, the value jumped to Rs 360 per sq.ft, which was a 40% increase from the previous revision. The 2017 revision brought a substantial change, with the guideline value reaching Rs 1,675 per sq.ft, reflecting a remarkable 365% increase from 2007. Currently, the 2024 revision sets the value at Rs 2,750 per sq.ft, which is a 64% increase from the 2017 figure.

Overall, from 2002 to 2024, the guideline value has increased by 1106%. It is important to note that there are no figures available for the years 2012 and 2023 for this street in the register.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Sathyamurthy Street / Anna Nagar above this median.

• Sathyamurthy Street / Panchayat Colony: Rs 1,980 per sq.ft (2024)
• Sathyamoorthy Street, V.O.C Nagar: Rs 2,750 per sq.ft (2024)
• Sathyamoorthy Street: 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 Sathyamurthy Street / Anna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total charges to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sathyamurthy Street / Anna Nagar?

The Sub Registrar Office that covers Sathyamurthy Street / Anna Nagar is located at Pammal Sub Registrar Office, Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

Frequently asked questions

What is the current guideline value of Sathyamurthy Street / Anna Nagar?

The current guideline value of Sathyamurthy Street / Anna Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 228 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, which is an overall increase of 1106%.

What is the land classification for Sathyamurthy Street / Anna Nagar?

The land classification for Sathyamurthy Street / Anna Nagar is Commercial Class I Type - II.

Where can I find the Sub Registrar Office for Sathyamurthy Street / Anna Nagar?

The Sub Registrar Office for Sathyamurthy Street / Anna Nagar is located at Pammal Sub Registrar Office, Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 at a rate of 7%.