Guideline Value

Corporate

Guideline Value for Sathyanarrayanapuram

₹2450/sq.ft.

The guideline value for Sathyanarrayanapuram in Moulivakkam village (Kunrathur SRO, Chennai zone) is Rs 2450 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Moulivakkam

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2450 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹140 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Sathyanarrayanapuram guideline value

The current guideline value of Sathyanarrayanapuram is Rs 2,450 per sq.ft, effective from 1 July 2024. This area is located in Moulivakkam village, under the Kunrathur Sub Registrar Office (SRO), and is classified as Residential Special Type - I.

How the guideline value of Sathyanarrayanapuram has changed

The guideline value for Sathyanarrayanapuram has undergone several revisions over the years. In 2003, the guideline value was Rs 140 per sq.ft. This figure saw a significant increase in 2007, rising to Rs 750 per sq.ft, which marked a change of +436%. The value then increased to Rs 2,200 per sq.ft in 2012, reflecting a growth of +193%. However, it decreased to Rs 1,474 per sq.ft in 2017, a decline of -33%. In 2023, the value rose again to Rs 2,200 per sq.ft, and the latest revision in 2024 set it at Rs 2,450 per sq.ft, an increase of +11% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by +1650%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Moulivakkam

In Moulivakkam, there are 44 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,000 to Rs 3,900 per sq.ft, with the median value being Rs 2,450 per sq.ft. The guideline value for Sathyanarrayanapuram is equal to this median.

Stamp duty and registration fee for property in Sathyanarrayanapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 2,450 per sq.ft, the total guideline value would be Rs 24,50,000. The stamp duty at 7% would be Rs 1,71,500, and the registration fee at 2% would be Rs 49,000, making the total cost for these fees Rs 2,20,500. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sathyanarrayanapuram?

The Sathyanarrayanapuram area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering property transactions in Moulivakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Sathyanarrayanapuram?

The current guideline value of Sathyanarrayanapuram is Rs 2,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 140 per sq.ft in 2003 to Rs 2,450 per sq.ft in 2024, reflecting an overall increase of +1650% over this period.

What is the registration office for Sathyanarrayanapuram?

The registration office for Sathyanarrayanapuram is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Sathyanarrayanapuram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 24,50,000, the stamp duty would be Rs 1,71,500 at a rate of 7%.

What are the other streets in Moulivakkam with their guideline values?

Other streets in Moulivakkam include Sivam Nagar at Rs 3,900 per sq.ft, Sri Kamakshi Nagar at Rs 2,450 per sq.ft, and Sri Lakshmi Nagar at Rs 2,650 per sq.ft, among others.