Guideline Value for Cement Salai Street

Cement Salai Street guideline value

The current guideline value of Cement Salai Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Sengadu village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Cement Salai Street has changed

The guideline value for Cement Salai Street has seen several revisions over the years. In 2012, the value was set at Rs 150 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft. The next revision in 2023 brought the value back to Rs 150 per sq.ft, and it has remained at this level through the 2024 revision.

Between the revisions, the most notable change occurred from 2017 to 2023, where the value increased by 50%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 150 per sq.ft.

Guideline values in Sengadu

Sengadu village has 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 101 to Rs 500 per sq.ft. The median value for these streets is Rs 150 per sq.ft, which is equal to the current guideline value of Cement Salai Street.

• Colony Cross Street: Rs 101 per sq.ft (2024)
• Cross Street: Rs 150 per sq.ft (2024)
• Dharani Grand: Rs 500 per sq.ft (2024)
• Bajanai Koil Street: Rs 150 per sq.ft (2024)
• Arokia Matha Nagar: Rs 250 per sq.ft (2024)
• G.K.R Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Cement Salai Street

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the 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 more details.

Which Sub Registrar Office covers Cement Salai Street?

The Cement Salai Street falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Sengadu. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the property is registered at a fair value.

When a property is sold, the guideline value helps in assessing the appropriate charges for registration. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Cement Salai Street?

The current guideline value of Cement Salai Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most notable being a decrease in 2017 to Rs 100 per sq.ft, followed by an increase back to Rs 150 per sq.ft in 2023, which has remained unchanged in 2024.

What is the land classification for Cement Salai Street?

Cement Salai Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the registration office for Cement Salai Street?

The registration office for Cement Salai Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Cement Salai Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 at 7%.