Guideline Value for DR. SADASIVAM STREET

Dr. Sadasivam Street guideline value

The current guideline value of Dr. Sadasivam Street is Rs 13,200 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Mixed Special Type - II.

How the guideline value of Dr. Sadasivam Street has changed

The guideline value for Dr. Sadasivam Street has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 1,046 per sq.ft. This increased to Rs 1,161 per sq.ft in 2003, marking an increase of 11%. The value then rose significantly to Rs 2,000 per sq.ft in 2007, reflecting a 72% increase. In 2012, the guideline value remained at Rs 12,000 per sq.ft, indicating no recorded figure for this street in that year.

Moving forward, the 2017 revision saw the guideline value increase to Rs 8,040 per sq.ft, which was a decrease of 33% from the previous figure. The guideline value then rose sharply to Rs 12,000 per sq.ft in 2023, before reaching the current value of Rs 13,200 per sq.ft in 2024, which is an increase of 10% from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1,162%.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with guideline values ranging from Rs 4,400 to Rs 27,500 per sq.ft as of 2024. The median guideline value for these streets is Rs 11,000 per sq.ft, placing Dr. Sadasivam Street's 2024 figure above that median.

• Dr. Sambasivarm Street: Rs 14,300 per sq.ft (2024)
• Dr. Singaravelu Street: Rs 6,600 per sq.ft (2024)
• Dr. Thomas Road: Rs 14,300 per sq.ft (2024)
• Dr. Thomas Road 2 Lane: Rs 6,600 per sq.ft (2024)
• Dr. Nair Road: Rs 22,000 per sq.ft (2024)
• Duraisamy Road: Rs 17,600 per sq.ft (2024)

Stamp duty and registration fee for property in Dr. Sadasivam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value would be Rs 1,32,00,000. The stamp duty at 7% would amount to Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, totaling Rs 11,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Dr. Sadasivam Street?

The Sub Registrar Office that covers Dr. Sadasivam Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Tnagar. It serves as a benchmark for determining the minimum price at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs involved in the transaction. Ensuring that the property is registered at the correct guideline value helps in avoiding any legal issues during the buying or selling process.

Frequently asked questions

What is the current guideline value of Dr. Sadasivam Street?

The current guideline value of Dr. Sadasivam Street is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, increasing from Rs 1,046 per sq.ft in 2002 to Rs 13,200 per sq.ft in 2024, which is an overall increase of 1,162%.

What is the median guideline value for streets in Tnagar?

The median guideline value for streets in Tnagar is Rs 11,000 per sq.ft as of 2024, with Dr. Sadasivam Street's value being above this median.

What fees are associated with property transactions in Dr. Sadasivam Street?

For a property transaction, the stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Dr. Sadasivam Street located?

The Thiyagaraya nagar Sub Registrar Office, which covers Dr. Sadasivam Street, is located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.