Guideline Value for SADAIAPPA DOSS STREET

Sadaiappa Doss Street guideline value

The current guideline value of Sadaiappa Doss Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Sadaiappa Doss Street has changed

Over the years, the guideline value of Sadaiappa Doss Street has seen significant changes. In 2003, the value was Rs 369 per sq.ft, which increased to Rs 900 per sq.ft in 2007, marking a rise of 144%. By 2012, it had further increased to Rs 4,500 per sq.ft, reflecting a substantial growth of 400%. However, between 2012 and 2017, the value decreased to Rs 3,015 per sq.ft, a decline of 33%. The value then rose again to Rs 4,500 per sq.ft in 2023, and currently stands at Rs 4,900 per sq.ft after a 9% increase in the 2024 revision.

The register has no figure for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 1228%.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO, with 2024 guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value of these streets is Rs 2,700 per sq.ft, placing Sadaiappa Doss Street's 2024 figure above that median.

• Sadgopa Azhvar Street: Rs 2,700 per sq.ft (2024)
• Saiva Muthaiya Mudali 6th Street: Rs 2,700 per sq.ft (2024)
• Renuka Amman Koil Street: Rs 2,700 per sq.ft (2024)
• Sakthi Vinayagar Koil Street: Rs 2,200 per sq.ft (2024)
• Salaimanagar: Rs 2,700 per sq.ft (2024)
• Salaimanagar 1st Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sadaiappa Doss Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, making the total charges Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sadaiappa Doss Street?

The Sub Registrar Office that covers Sadaiappa Doss Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Perambur. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. The higher of the guideline value or the sale price is taken into account for these calculations.

When a property is registered, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for maintaining transparency in real estate dealings. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sadaiappa Doss Street?

The current guideline value of Sadaiappa Doss Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 369 per sq.ft in 2003 to Rs 4,900 per sq.ft in 2024, with various increases and decreases along the way.

What is the land classification for Sadaiappa Doss Street?

Sadaiappa Doss Street is classified as Residential Class I Type - II.

Which office handles property registration for Sadaiappa Doss Street?

The Purasaivakkam Sub Registrar Office handles property registration for Sadaiappa Doss Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Sadaiappa Doss Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 49,00,000 would incur a stamp duty of Rs 3,43,000 at 7%.