Guideline Value for SADAGOBAN STREET

Sadagoban Street guideline value

The current guideline value of Sadagoban Street in Jelandianpettai village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Sadagoban Street has changed

The guideline value for Sadagoban Street has undergone several revisions over the years. In 2007, the value was Rs 820 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, it saw a decrease to Rs 1,340 per sq.ft in 2017. The value then rose to Rs 2,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The overall change from 2007 to 2024 is an increase of 168%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median value is Rs 2,200 per sq.ft, which is the same as the current guideline value for Sadagoban Street.

• Sadagoban Nagar Sannathi Street: Rs 2,200 per sq.ft (2024)
• Sadagopan Nagar Narayanan Street: Rs 1,870 per sq.ft (2024)
• Saiganesh Nagar 10th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 11th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 12th Cross Street: Rs 2,200 per sq.ft (2024)
• Saiganesh Nagar 13rd Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sadagoban Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. 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 Sadagoban Street?

The Sub Registrar Office that covers Sadagoban Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process for property transactions in Jelandianpettai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is used to calculate the necessary fees, making it an essential part of any real estate transaction in the area.

Frequently asked questions

What is the current guideline value of Sadagoban Street?

The current guideline value of Sadagoban Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 820 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 168% over the years.

What is the land classification of Sadagoban Street?

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

What are the stamp duty and registration fees for property in Sadagoban Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.

Which Sub Registrar Office covers the area of Sadagoban Street?

The Chennai South Joint I Sub Registrar Office covers Sadagoban Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.