Guideline Value for Satya Garden - Gopal Street

Satya Garden - Gopal Street guideline value

The current guideline value for Satya Garden - Gopal Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Satya Garden - Gopal Street has changed

The guideline value for Satya Garden - Gopal Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 475 per sq.ft. This increased to Rs 519 per sq.ft in 2003, marking a change of +9%. The value then rose significantly to Rs 850 per sq.ft in 2007, reflecting an increase of +64%. In 2012, the guideline value was revised to Rs 5,000 per sq.ft, which was a notable increase of +488%. However, this was followed by a decrease to Rs 3,350 per sq.ft in 2017, indicating a drop of -33%. The value then increased to Rs 5,000 per sq.ft in 2023, before reaching the current figure of Rs 5,500 per sq.ft in 2024, which is a change of +10%.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by +1058%. There are no figures available for the revisions in years not mentioned in the register for this street.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing the 2024 figure for Satya Garden - Gopal Street above this median.

• Satya Garden - Kakkan Street: Rs 5,500 per sq.ft (2024)
• Satya Garden - Kamaraj Street: Rs 5,500 per sq.ft (2024)
• Satya Garden - Lal Bahadur Sastri Street: Rs 5,500 per sq.ft (2024)
• Satya Garden - M.G.Chakkarapani Street: Rs 5,500 per sq.ft (2024)
• Satya Garden - Nehru Street: Rs 5,500 per sq.ft (2024)
• Satya Garden - V.V. Giri Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Satya Garden - Gopal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Satya Garden - Gopal Street?

The Sub Registrar Office that covers Satya Garden - Gopal Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Saligramam. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring transparency in the real estate market.

When a property is sold, the registration process involves calculating the stamp duty and registration fees based on the guideline value. This ensures that both the buyer and seller are aware of the financial implications of the transaction, as these fees are calculated on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Satya Garden - Gopal Street?

The current guideline value of Satya Garden - Gopal Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 475 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of +1058%.

What is the land classification for Satya Garden - Gopal Street?

The land classification for Satya Garden - Gopal Street is Residential Special Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Satya Garden - Gopal Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 55,00,000, the stamp duty at 7% would be Rs 3,85,000.