Guideline Value for Sathyanagar Anex

Sathyanagar Anex guideline value

The current guideline value of Sathyanagar Anex is Rs 3,000 per sq.ft, effective from 1 July 2024. This area is located in Puthagaram village and falls under the Ambattur SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Sathyanagar Anex has changed

The guideline value for Sathyanagar Anex has seen several revisions over the years. The 2012 revision set the value at Rs 2,800 per sq.ft, which was then reduced by 33% to Rs 1,876 per sq.ft in the 2017 revision. Following this, the value increased significantly by 49% to Rs 2,800 per sq.ft in the 2023 revision, and then rose by 7% to the current rate of Rs 3,000 per sq.ft in the 2024 revision. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2024, the overall change in the guideline value is an increase of 7%. The most notable change occurred between the 2017 and 2023 revisions, where there was a substantial increase of 49%. The consistent rise in the value from 2023 to 2024 reflects a 7% increase.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with 2024 guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value for these streets is Rs 1,900 per sq.ft, placing Sathyanagar Anex's current value above this median.

• Sathya Nagar: Rs 3,000 per sq.ft (2024)
• Sathyamoorthy Nagar: Rs 1,600 per sq.ft (2024)
• S.B.O.A .Teachers Nagar: Rs 2,200 per sq.ft (2024)
• Sarathy Nagar Extention: Rs 2,200 per sq.ft (2024)
• Sarathy Nagar: Rs 2,200 per sq.ft (2024)
• Saraswathi Nagar Annexe & Ext: Rs 3,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sathyanagar Anex

For a 1,000 sq.ft plot at the current guideline value of Rs 3,000 per sq.ft, the total guideline value would be Rs 30,00,000. The stamp duty, charged at 7%, would amount to Rs 2,10,000, while the registration fee at 2% would be Rs 60,000, bringing the total cost to Rs 2,70,000. 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 Sathyanagar Anex?

The Sathyanagar Anex area is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Puthagaram. When a property is registered, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction.

It is crucial for buyers and sellers to be aware of the guideline value as it impacts the financial aspects of property transactions. The higher the guideline value, the greater the costs incurred during registration.

Frequently asked questions

What is the current guideline value of Sathyanagar Anex?

The current guideline value of Sathyanagar Anex is Rs 3,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2012 to Rs 1,876 per sq.ft in 2017, then increased to Rs 2,800 per sq.ft in 2023, and finally to Rs 3,000 per sq.ft in 2024.

What is the land classification for Sathyanagar Anex?

The land classification for Sathyanagar Anex is Residential Special Type - II.

What is the registration office for Sathyanagar Anex?

The registration office covering Sathyanagar Anex is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Sathyanagar Anex?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 30,00,000, the stamp duty would be Rs 2,10,000 at a rate of 7%.