Guideline Value for Sathyanarayanan Street

Sathyanarayanan Street guideline value

The current guideline value of Sathyanarayanan Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Sathyanarayanan Street has changed

The guideline value for Sathyanarayanan Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, which is an increase of 10% from Rs 1,200 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 804 per sq.ft, marking a significant increase of 49% over the six years leading up to 2023.

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

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that have a guideline value for 2024, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Sathyanarayanan Street's 2024 figure below that median.

• Sathaya Nagar: Rs 1,760 per sq.ft (2024)
• Sasthri Street: Rs 2,350 per sq.ft (2024)
• Santhi Nagar VIth Lane: Rs 1,760 per sq.ft (2024)
• Santhi Nagar VIIth Lane: Rs 1,760 per sq.ft (2024)
• Santhi Nagar Main Road: Rs 1,760 per sq.ft (2024)
• Santhi Nagar Ivth Lane: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Sathyanarayanan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathyanarayanan Street?

The Sub Registrar Office that covers Sathyanarayanan Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, ensuring that the transaction is recorded at a fair value.

When you buy or sell property, the guideline value impacts the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sathyanarayanan Street?

The current guideline value of Sathyanarayanan Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What is the median guideline value for streets in Anakaputhur?

The median guideline value for the 501 streets in Anakaputhur under the Pammal SRO is Rs 1,980 per sq.ft for the year 2024.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 13,20,000, the total fees would be Rs 1,18,800.

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

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more details on how to locate your SRO.