Guideline Value

Corporate

Guideline Value for sathyamoorthy nagar

₹250/sq.ft.

The guideline value for Sathyamoorthy Nagar in Ozhalur village (Chengleput Joint I SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Ozhalur

Village

Chengleput Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹250 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27423054
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sathyamoorthy Nagar

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Sathyamoorthy Nagar guideline value

The current guideline value of Sathyamoorthy Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Ozhalur village and falls under the Chengleput Joint I SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Sathyamoorthy Nagar has changed

The guideline value for Sathyamoorthy Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 167 per sq.ft. Following this, the 2023 revision brought it back to Rs 250 per sq.ft, maintaining the same value in the 2024 revision as well. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 50%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 250 per sq.ft.

Guideline values in Ozhalur

In Ozhalur, there are 13 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 672 per sq.ft. The median value for these streets is Rs 300 per sq.ft, indicating that Sathyamoorthy Nagar's current figure is below this median.

Stamp duty and registration fee for property in Sathyamoorthy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total to Rs 22,500. It is important to note that 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 Sathyamoorthy Nagar?

The Sub Registrar Office that covers Sathyamoorthy Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering properties in Ozhalur. It determines the minimum value at which a property can be sold and is used to calculate the stamp duty and registration fees applicable during the transaction.

When buyers or sellers engage in a property transaction, the guideline value helps ensure that the value declared for registration aligns with the official rates set by the government. This process helps maintain transparency and compliance with legal requirements in property dealings.

Frequently asked questions

What is the current guideline value of Sathyamoorthy Nagar?

The current guideline value of Sathyamoorthy Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then back to Rs 250 per sq.ft in 2023 and 2024. Overall, it has remained unchanged from 2012 to 2024.

What are the other streets in Ozhalur with their guideline values?

In Ozhalur, other streets include Sakthi Vinayaga Nagar, Sakthi Subbarayan Nagar, Sakthi Nagar, Sakthi Ganesh Nagar, Sri Mangal Avenue, and Sri Mangal Avenue Phase - II, with values ranging from Rs 250 to Rs 650 per sq.ft in 2024.

How is stamp duty calculated for properties in Sathyamoorthy Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 250 per sq.ft, the stamp duty would be Rs 17,500.

Where can I find the Sub Registrar Office for Sathyamoorthy Nagar?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in Sathyamoorthy Nagar.