Guideline Value for Satya Garden - Nehru Street

Satya Garden - Nehru Street guideline value

The current guideline value of Satya Garden - Nehru Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This property is located in Saligramam village, under the Virugambakkam SRO, and is classified as Residential Special Type - III.

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

Over the years, the guideline value for Satya Garden - Nehru Street has seen significant changes. The register indicates that in 2002, the value was Rs 423 per sq.ft, which increased to Rs 462 per sq.ft in 2003. Following that, the value rose to Rs 850 per sq.ft in 2007, marking an increase of 84%. The value then saw a dramatic jump to Rs 5,000 per sq.ft in 2012, which was an increase of 488%. However, from 2012 to 2017, the value decreased to Rs 3,350 per sq.ft, a decline of 33%. The value then increased to Rs 5,000 per sq.ft in 2023, and most recently to Rs 5,500 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has risen by 1200%. There are no figures available for the years other than those listed above for this street.

Guideline values in Saligramam

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

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

Stamp duty and registration fee for property in Satya Garden - Nehru 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, bringing the total to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Satya Garden - Nehru Street?

The Sub Registrar Office that covers Satya Garden - Nehru 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 details.

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 the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official value set by the registration department.

When buying or selling property, the guideline value helps in determining the minimum value at which the property must be registered. This ensures transparency and compliance with legal requirements during the transaction process.

Frequently asked questions

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

The current guideline value of Satya Garden - Nehru 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 423 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting a total increase of 1200% over the years.

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

Satya Garden - Nehru Street is classified as Residential Special Type - III.

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

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

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2% of the guideline value.