Guideline Value for Sathyamurthy Street

Sathyamurthy Street guideline value

The current guideline value of Sathyamurthy Street in Pennaloor village is Rs 100 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Sathyamurthy Street has changed

Looking at the historical revisions, the guideline value for Sathyamurthy Street was Rs 100 per sq.ft in the 2024 and 2023 revisions. In the 2017 revision, the value was Rs 67 per sq.ft, which marked a significant increase of 49% from the previous revision. The 2012 revision also had a guideline value of Rs 100 per sq.ft, indicating a decrease of 33% from the 2017 figure.

Overall, comparing the 2012 revision to the 2024 revision, the guideline value remains unchanged at Rs 100 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pennaloor

Pennaloor village has 35 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 1,200 per sq.ft. The median guideline value in this village is Rs 200 per sq.ft, placing Sathyamurthy Street's 2024 figure below that median.

• Sathya Prabhu Nagar: Rs 200 per sq.ft (2024)
• Selliyamman Koil Street: Rs 100 per sq.ft (2024)
• Ramanjuar Nagar: Rs 500 per sq.ft (2024)
• Prasanthi Nagar - III: Rs 500 per sq.ft (2024)
• Prasanthi Nagar - II: Rs 500 per sq.ft (2024)
• Prasanthi Nagar - I: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sathyamurthy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees together to Rs 9,000. 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 details.

Which Sub Registrar Office covers Sathyamurthy Street?

The Sub Registrar Office that covers Sathyamurthy Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Pennaloor. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sathyamurthy Street?

The current guideline value of Sathyamurthy Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024. The value was also Rs 100 per sq.ft in the 2012 revision.

What is the land classification for Sathyamurthy Street?

Sathyamurthy Street is classified as Residential Class IV Type - I. This classification helps in determining the guideline value applicable to the property.

What is the median guideline value in Pennaloor?

The median guideline value in Pennaloor is Rs 200 per sq.ft. Sathyamurthy Street's current guideline value is below this median.

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

The Sub Registrar Office for Sathyamurthy Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.