Guideline Value

Corporate

Guideline Value for SADASIVAM AVENUE 1 TO 6 STREETS

₹2530/sq.ft.

The guideline value for Sadasivam Avenue 1 To 6 Streets in S. Kullathur village (Pallavaram SRO, Chengalpattu zone) is Rs 2530 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 27% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

S. Kullathur

Village

Pallavaram

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2530 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2300 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sadasivam Avenue 1 To 6 Streets

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Sadasivam Avenue 1 To 6 Streets guideline value

The current guideline value for Sadasivam Avenue 1 To 6 Streets in S. Kullathur village is Rs 2,530 per sq.ft, effective from 1 July 2024. This area falls under the Pallavaram SRO and is classified as Residential Class I Type - II.

How the guideline value of Sadasivam Avenue 1 To 6 Streets has changed

The guideline value for Sadasivam Avenue 1 To 6 Streets has seen several revisions over the years. In 2012, the value was set at Rs 2,300 per sq.ft. This was followed by a decrease to Rs 1,541 per sq.ft in 2017, marking a decline of 33%. The value then increased to Rs 2,000 per sq.ft in 2023, which represented a rise of 30%. The most recent revision in 2024 raised the guideline value to Rs 2,530 per sq.ft, reflecting a significant increase of 27% from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, placing the current value of Sadasivam Avenue 1 To 6 Streets below this median.

Stamp duty and registration fee for property in Sadasivam Avenue 1 To 6 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total to Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sadasivam Avenue 1 To 6 Streets?

The Sadasivam Avenue 1 To 6 Streets are covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value is an essential factor in the registration process when buying or selling property in S. Kullathur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

When you proceed with a transaction, the guideline value helps in establishing a clear understanding of the financial obligations involved. It is crucial for both buyers and sellers to be aware of these values to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value for Sadasivam Avenue 1 To 6 Streets?

The current guideline value for Sadasivam Avenue 1 To 6 Streets is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 in 2012 to Rs 1,541 in 2017, then to Rs 2,000 in 2023, and finally to Rs 2,530 in 2024. This reflects both increases and decreases over the years.

What is the median guideline value in S. Kullathur?

The median guideline value for the 71 streets in S. Kullathur is Rs 2,750 per sq.ft. The current value for Sadasivam Avenue 1 To 6 Streets is below this median.

What are the stamp duty and registration fees for property in Sadasivam Avenue 1 To 6 Streets?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would be Rs 2,27,700.

Which office handles registrations for Sadasivam Avenue 1 To 6 Streets?

The Pallavaram Sub Registrar Office handles registrations for Sadasivam Avenue 1 To 6 Streets, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.