Guideline Value for Sathyavani Muthu Street

Sathyavani Muthu Street guideline value

The current guideline value of Sathyavani Muthu Street is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Mudichur village and falls under the Padappai SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sathyavani Muthu Street has changed

Looking back at the revisions, the guideline value for Sathyavani Muthu Street was Rs 1,100 per sq.ft in 2023, which increased to Rs 1,210 per sq.ft in 2024, representing a change of +10%. Prior to this, the 2017 revision set the value at Rs 737 per sq.ft. This indicates a significant increase of +49% from 2017 to 2023. The 2012 revision also recorded a value of Rs 1,100 per sq.ft, showing a decrease of -33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by +10%.

The register has no figures for Sathyavani Muthu Street in the years 2002, 2003, and 2007.

Guideline values in Mudichur

In Mudichur, there are 135 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, making the current value of Sathyavani Muthu Street below that median.

• Sasikumar Nagar: Rs 1,210 per sq.ft (2024)
• Saravanabhava Nagar: Rs 3,630 per sq.ft (2024)
• Sarang Avenue 4th Street: Rs 3,630 per sq.ft (2024)
• Saranga Avenue: Rs 3,630 per sq.ft (2024)
• Senthil Nagar: Rs 2,200 per sq.ft (2024)
• Seshadri Avenue: Rs 3,630 per sq.ft (2024)

Stamp duty and registration fee for property in Sathyavani Muthu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, totaling Rs 1,08,900. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathyavani Muthu Street?

The Sub Registrar Office that covers Sathyavani Muthu Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Mudichur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal documentation and taxation purposes. It helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sathyavani Muthu Street?

The current guideline value of Sathyavani Muthu Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2023 to Rs 1,210 per sq.ft in 2024, an increase of +10%. The value was Rs 737 per sq.ft in 2017, showing a +49% increase over the next six years.

What is the land classification for Sathyavani Muthu Street?

Sathyavani Muthu Street is classified as Residential Class II Type - I. This classification is important for determining the types of developments allowed in the area.

Where can I find the registration office for Sathyavani Muthu Street?

The registration office for Sathyavani Muthu Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Mudichur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 12,10,000 would incur a stamp duty of Rs 84,700 at 7%.