Guideline Value for Sathyapuram 1st Street

Sathyapuram 1st Street guideline value

The current guideline value of Sathyapuram 1st Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class V Type - I.

How the guideline value of Sathyapuram 1st Street has changed

The guideline value for Sathyapuram 1st Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023 and further rose to Rs 1,600 per sq.ft in 2024, marking a 7% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 7%. The changes between the revisions include a 49% increase from 2017 to 2023, and a 33% decrease from 2012 to 2017. There are no figures available in the register for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. The guideline value of Sathyapuram 1st Street is below this median.

• Sathyapuram 2nd Street: Rs 1,600 per sq.ft (2024)
• Sathyapuram Main Street: Rs 1,600 per sq.ft (2024)
• Sathyanarayana Street: Rs 4,600 per sq.ft (2024)
• Sathyamoorthy Street: Rs 4,000 per sq.ft (2024)
• Seenivasan Street (Ramapuram): Rs 3,600 per sq.ft (2024)
• Sekaran Street: Rs 4,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sathyapuram 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sathyapuram 1st Street?

The Sathyapuram 1st Street 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. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process for property transactions in Ambattur. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and fairly.

When buying or selling property, 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 Sathyapuram 1st Street?

The current guideline value of Sathyapuram 1st Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Sathyapuram 1st Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,44,000, which includes Rs 1,12,000 for stamp duty and Rs 32,000 for registration fees.

Which Sub Registrar Office covers Sathyapuram 1st Street?

The Ambattur Sub Registrar Office covers Sathyapuram 1st Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Sathyapuram 1st Street?

Sathyapuram 1st Street is classified as Residential Class V Type - I, indicating its suitability for residential development.