Guideline Value for Sathyavani Muthu nagar Hut

Sathyavani Muthu nagar Hut guideline value

The current guideline value of Sathyavani Muthu nagar Hut is Rs 2,500 per sq.ft, effective from 1 July 2024. This property is located in Chindadripet village under the Periamet SRO, classified as Residential Class IV Type - I.

How the guideline value of Sathyavani Muthu nagar Hut has changed

The guideline value for Sathyavani Muthu nagar Hut has undergone several revisions over the years. In the 2007 revision, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,300 per sq.ft in 2012. However, this figure dropped to Rs 1,541 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 2,300 per sq.ft, and the current 2024 revision marks another increase to Rs 2,500 per sq.ft, reflecting a 9% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 317%. The revisions for the years 2002 and 2003 do not have any figures listed for this street.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,500 to Rs 18,100 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Sathyavani Muthu nagar Hut is below this median.

• Seshagiri Iyer street: Rs 2,600 per sq.ft (2024)
• Sami Pandaram Street: Rs 6,000 per sq.ft (2024)
• Sadasiva Pillai Street: Rs 4,400 per sq.ft (2024)
• Sadasiva Pillai Lane / Street: Rs 4,900 per sq.ft (2024)
• Singanna Chetty Street: Rs 6,600 per sq.ft (2024)
• Singanna Chetty Street 1st lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sathyavani Muthu nagar Hut

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total fees to Rs 2,25,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sathyavani Muthu nagar Hut?

The Sathyavani Muthu nagar Hut falls under the Periamet Sub Registrar Office located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value is an important factor when registering property transactions in Chindadripet. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of a property. This value is crucial for calculating the applicable stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Sathyavani Muthu nagar Hut?

The current guideline value of Sathyavani Muthu nagar Hut is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,500 per sq.ft in 2024, reflecting an overall increase of 317% over the years.

What is the registration office for Sathyavani Muthu nagar Hut?

The registration office for Sathyavani Muthu nagar Hut is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

What are the stamp duty and registration fees for property in Sathyavani Muthu nagar Hut?

For a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000 and the registration fee would be Rs 50,000, totaling Rs 2,25,000.

Where can I find more information about stamp duty and registration fees?

You can find more information and calculate your fees using the stamp duty and registration fee calculator.