Guideline Value for Satya Garden - V.V. Giri Street

Satya Garden - V.V. Giri Street guideline value

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

How the guideline value of Satya Garden - V.V. Giri Street has changed

The guideline value for Satya Garden - V.V. Giri Street has seen several revisions over the years. In 2007, the value was Rs 850 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, this figure dropped to Rs 3,350 per sq.ft in 2017. The 2023 revision saw an increase to Rs 5,000 per sq.ft, followed by a further rise to Rs 5,500 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 547%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values 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, making the 2024 figure for Satya Garden - V.V. Giri Street above the median.

• Satya Garden - Nehru Street: Rs 5,500 per sq.ft (2024)
• Satya Garden - M.G.Chakkarapani 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 - V.V. Giri 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, resulting in a total of Rs 4,95,000. Duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Satya Garden - V.V. Giri Street?

The Sub Registrar Office that covers Satya Garden - V.V. Giri 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 an essential factor when registering property transactions in Saligramam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government collects the appropriate taxes based on the property's value.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Satya Garden - V.V. Giri Street?

The current guideline value of Satya Garden - V.V. Giri 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 from Rs 850 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, showing an overall increase of 547% over the years.

What is the land classification for Satya Garden - V.V. Giri Street?

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

What are the stamp duty and registration fees for property transactions?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate incurs a total fee of Rs 4,95,000.

Where is the Sub Registrar Office for Satya Garden - V.V. Giri Street located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.