Guideline Value for SADASIVAM SALAI (WARD -18)

Sadasivam Salai (Ward -18) guideline value

The current guideline value for Sadasivam Salai (Ward -18) is Rs 1,320 per sq.ft. This street is located in Kattankollatur village, under the Chengleput Joint II SRO, with a land classification of Residential Special Type - V.

How the guideline value of Sadasivam Salai (Ward -18) has changed

The guideline value for Sadasivam Salai has undergone several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft. This figure remained the same until the next revision in 2017, where it decreased to Rs 804 per sq.ft, marking a significant drop of 33%. However, the value saw a substantial increase in 2023, rising to Rs 1,200 per sq.ft, and then further increased to Rs 1,320 per sq.ft in 2024, reflecting a 10% rise from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the figures from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in the village is Rs 1,100 per sq.ft, placing Sadasivam Salai's 2024 figure above this median.

• Sadasivam Salai (Ward -2): Rs 1,320 per sq.ft (2024)
• Sabathi Nagar (Per): Rs 440 per sq.ft (2024)
• Sagunathapuram (N): Rs 660 per sq.ft (2024)
• Rukumani Nagar (N): Rs 660 per sq.ft (2024)
• Roshan Babu Nagar (Ward -19): Rs 660 per sq.ft (2024)
• Sakthi Nagar (Per): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Sadasivam Salai (Ward -18)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sadasivam Salai (Ward -18)?

The Sub Registrar Office that covers Sadasivam Salai (Ward -18) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded accurately in accordance with government regulations.

When engaging in a property transaction, it is essential to be aware of the current guideline value, as it impacts the overall costs associated with the registration process. Buyers and sellers should consider this value to avoid any discrepancies during the registration of their property.

Frequently asked questions

What is the current guideline value of Sadasivam Salai (Ward -18)?

The current guideline value of Sadasivam Salai (Ward -18) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sadasivam Salai has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Sadasivam Salai (Ward -18)?

The land classification for Sadasivam Salai (Ward -18) is Residential Special Type - V.

Which Sub Registrar Office is responsible for Sadasivam Salai (Ward -18)?

The Chengleput Joint II Sub Registrar Office is responsible for Sadasivam Salai (Ward -18), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Sadasivam Salai (Ward -18)?

Stamp duty for properties in Sadasivam Salai (Ward -18) is calculated at 7% of the guideline value or the sale price, whichever is higher. Registration fees are charged at 2% of the guideline value.