Guideline Value for SADAGOPAN NAGAR NARAYANAN STREET

Sadagopan Nagar Narayanan Street guideline value

The current guideline value of Sadagopan Nagar Narayanan Street is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Jelandianpettai village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Sadagopan Nagar Narayanan Street has changed

The guideline value for Sadagopan Nagar Narayanan Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,700 per sq.ft, which was then reduced to Rs 1,139 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,700 per sq.ft in the 2023 revision, and further rose to Rs 1,870 per sq.ft in the 2024 revision. The register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a 49% increase. Overall, comparing the figures from 2012 to 2024, there is a 10% increase in the guideline value.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, which means that the value of Sadagopan Nagar Narayanan Street is below the median.

• Sadagoban Street: Rs 2,200 per sq.ft (2024)
• Sadagoban Nagar Sannathi Street: Rs 2,200 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 Sadagopan Nagar Narayanan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, making the total cost for these fees Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sadagopan Nagar Narayanan Street?

The Sub Registrar Office that covers Sadagopan Nagar Narayanan 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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Jelandianpettai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately and fairly. This helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sadagopan Nagar Narayanan Street?

The current guideline value of Sadagopan Nagar Narayanan Street is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then increased to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,870 per sq.ft in 2024.

What is the land classification for Sadagopan Nagar Narayanan Street?

The land classification for Sadagopan Nagar Narayanan Street is Residential Class III Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Sadagopan Nagar Narayanan 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.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 18,70,000, the stamp duty at 7% would be Rs 1,30,900.