Guideline Value for RYDER SABAPATHI STREET

Ryder Sabapathi Street guideline value

The current guideline value of Ryder Sabapathi Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Ryder Sabapathi Street has changed

Over the years, the guideline value of Ryder Sabapathi Street has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced by 33% to Rs 1,005 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 1,500 per sq.ft, and the current 2024 revision is Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year. There are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2024, the overall change is a 10% increase. The most significant change occurred between the 2017 and 2023 revisions, where the value increased by 49%. This progression illustrates the fluctuations in the guideline value over time.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Ryder Sabapathi Street's 2024 figure below that median.

• School Street: Rs 1,650 per sq.ft (2024)
• Rajaji Street No.1: Rs 5,500 per sq.ft (2024)
• Railway Colony: Rs 2,200 per sq.ft (2024)
• Shoemakers Street: Rs 1,650 per sq.ft (2024)
• Pramanar Street: Rs 5,500 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Ryder Sabapathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ryder Sabapathi Street?

The Sub Registrar Office that covers Ryder Sabapathi Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chengalpattu Natham. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a buyer or seller approaches the registration office, the guideline value helps in calculating the applicable stamp duty and registration fees. This process helps to standardize property valuations and protect the interests of both parties involved in the transaction.

Frequently asked questions

What is the current guideline value of Ryder Sabapathi Street?

The current guideline value of Ryder Sabapathi Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, with various revisions in between, including a significant increase of 49% from 2017 to 2023.

What are the other streets in Chengalpattu Natham?

Other streets in Chengalpattu Natham include School Street, Rajaji Street No.1, Railway Colony, Shoemakers Street, Pramanar Street, and Pillaiyar Koil Street, each with their respective guideline values per sq.ft.

What is the stamp duty on property in Ryder Sabapathi Street?

The stamp duty for property in Ryder Sabapathi Street is calculated at 7% of the guideline value. For example, on a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500.

Which office handles registrations for Ryder Sabapathi Street?

The Chengleput Joint II Sub Registrar Office handles registrations for Ryder Sabapathi Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.