Guideline Value for Satya Garden - Kamaraj Street

Satya Garden - Kamaraj Street guideline value

The current guideline value of Satya Garden - Kamaraj 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 - Kamaraj Street has changed

The guideline value for Satya Garden - Kamaraj Street has seen several revisions over the years. In 2002, the guideline value was Rs 729 per sq.ft. This increased to Rs 796 per sq.ft in 2003, marking a 9% rise. The value continued to rise, reaching Rs 850 per sq.ft in 2007, which was a 7% increase. By 2012, the guideline value had significantly increased to Rs 5,000 per sq.ft, reflecting a substantial 488% change from 2007. However, in 2017, it dropped to Rs 3,350 per sq.ft, a decrease of 33% from the previous revision.

Following this, the guideline value rose to Rs 5,000 per sq.ft in 2023, and then to the current value of Rs 5,500 per sq.ft in 2024, which is a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 654%.

Guideline values in Saligramam

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

• Satya Garden - Kakkan Street: Rs 5,500 per sq.ft (2024)
• Satya Garden - Lal Bahadur Sastri Street: Rs 5,500 per sq.ft (2024)
• Satya Garden - Gopal 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 - Kamaraj Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, making the total cost for these fees Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Satya Garden - Kamaraj Street?

The Sub Registrar Office that covers Satya Garden - Kamaraj Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process of properties in Saligramam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Satya Garden - Kamaraj 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 changed significantly from Rs 729 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 654% over this period.

What are the registration fees for property in Satya Garden - Kamaraj Street?

The registration fees for a property in Satya Garden - Kamaraj Street include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Satya Garden - Kamaraj Street located?

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

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

The land classification for Satya Garden - Kamaraj Street is Residential Special Type - III, indicating its designated use for residential purposes.