Guideline Value for 100 Feet Road

100 Feet Road guideline value

The current guideline value of 100 Feet Road in Saligramam village, under the Virugambakkam SRO, is Rs 13,190 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of 100 Feet Road has changed

The guideline value for 100 Feet Road has seen significant changes over the years. In the 2002 revision, the value was Rs 1,000 per sq.ft. This increased to Rs 3,000 per sq.ft in 2003, marking a 200% rise. The value further increased to Rs 3,500 per sq.ft in 2007, reflecting a 17% change. The 2012 revision saw the value remain at Rs 12,000 per sq.ft, with no figure available for this street in the 2012 register. The 2017 revision recorded a substantial increase to Rs 8,040 per sq.ft, which was a 33% decrease from the previous revision.

In 2023, the guideline value rose to Rs 12,000 per sq.ft, and the latest revision in 2024 set it at Rs 13,190 per sq.ft, representing a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 1219%.

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 value for these streets is Rs 4,400 per sq.ft, indicating that the guideline value for 100 Feet Road is above this median.

• 80 Feet Road: Rs 8,800 per sq.ft (2024)
• Yerikkarai Street: Rs 3,300 per sq.ft (2024)
• Yegambaram Street: Rs 3,300 per sq.ft (2024)
• West Mada Street: Rs 3,300 per sq.ft (2024)
• V.V.Koil Street: Rs 3,300 per sq.ft (2024)
• V.P.Dasarathan Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in 100 Feet Road

For a 1,000 sq.ft plot at the current guideline value of Rs 13,190 per sq.ft, the total guideline value would be Rs 1,31,90,000. The stamp duty at 7% would amount to Rs 9,23,300, and the registration fee at 2% would be Rs 2,63,800, making the total cost Rs 11,87,100. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers 100 Feet Road?

The Sub Registrar Office that covers 100 Feet Road 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 critical factor during property registration in Saligramam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property. Buyers and sellers must be aware of the guideline value to ensure compliance with the legal requirements during the transaction.

When a property is sold, the guideline value helps in assessing the minimum value on which stamp duty is calculated. It is essential to understand that the guideline value may differ significantly from the actual sale price, and the higher of the two will be used for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value of 100 Feet Road?

The current guideline value of 100 Feet Road is Rs 13,190 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 1,000 per sq.ft in 2002 to Rs 13,190 per sq.ft in 2024, marking an overall increase of 1219%.

What is the median guideline value in Saligramam?

The median guideline value for streets in Saligramam is Rs 4,400 per sq.ft, while 100 Feet Road's value is above this median.

What are the stamp duty and registration fees for property in 100 Feet Road?

For a 1,000 sq.ft property, the total guideline value is Rs 1,31,90,000. The stamp duty would be Rs 9,23,300 and the registration fee would be Rs 2,63,800, totaling Rs 11,87,100.

Which office handles registrations for 100 Feet Road?

The Virugambakkam Sub Registrar Office handles registrations for 100 Feet Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.