Guideline Value for Kaji Sayabu Street

Kaji Sayabu Street guideline value

The current guideline value of Kaji Sayabu Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Alandur village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Kaji Sayabu Street has changed

The guideline value for Kaji Sayabu Street has undergone several revisions over the years. In the 2002 revision, the value was Rs 318 per sq.ft, which increased to Rs 346 per sq.ft in 2003, marking a 9% rise. The value saw significant growth in the following years, reaching Rs 1,000 per sq.ft in 2007, representing a 189% increase. By 2012, the value was Rs 4,000 per sq.ft, reflecting a substantial 300% increase from the previous revision.

In the subsequent revisions, the value fluctuated, dropping to Rs 2,680 per sq.ft in 2017, a decrease of 33% from 2012. The 2023 revision set the value at Rs 4,000 per sq.ft, a 49% increase from 2017. The most recent revision in 2024 has raised the guideline value to Rs 4,400 per sq.ft, a 10% increase from the previous year. There are no figures available for the revisions in years not listed.

Guideline values in Alandur

Alandur village has 40 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 3,900 to Rs 11,000 per sq.ft, with a median value of Rs 5,000 per sq.ft. Kaji Sayabu Street's 2024 figure is below this median.

• Jilani sayabu Street: Rs 4,400 per sq.ft (2024)
• Kambar Street / Reddy Street: Rs 5,500 per sq.ft (2024)
• Jal Naiken Street: Rs 4,400 per sq.ft (2024)
• Karpaga Vinayagar Koil Street: Rs 5,500 per sq.ft (2024)
• Ibrahim Street: Rs 4,400 per sq.ft (2024)
• Hussain Subedar Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kaji Sayabu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total costs Rs 3,96,000. 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 further assistance.

Which Sub Registrar Office covers Kaji Sayabu Street?

The Sub Registrar Office that covers Kaji Sayabu Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Alandur. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must consider the guideline value to ensure compliance with the registration requirements.

When a property is registered, the guideline value serves as a benchmark for calculating the applicable fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values for different areas.

Frequently asked questions

What is the current guideline value of Kaji Sayabu Street?

The current guideline value of Kaji Sayabu Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 318 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 1284% over this period.

What is the land classification of Kaji Sayabu Street?

Kaji Sayabu Street is classified as Residential Class I Type - III, which indicates its suitability for residential development.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Kaji Sayabu 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 44,00,000, the stamp duty at 7% would be Rs 3,08,000.