Guideline Value for SADASIVAM SALAI (WARD -18)

Sadasivam Salai (Ward -18) guideline value

The current guideline value of Sadasivam Salai (Ward -18) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this area is 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. The 2012 revision set the value at Rs 1,200 per sq.ft, which then changed to Rs 804 per sq.ft in 2017, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, marking a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 1,320 per sq.ft, a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in the village is Rs 990 per sq.ft, placing Sadasivam Salai (Ward -18) above this median.

• Sadasivam Salai (Ward -2): Rs 1,320 per sq.ft (2024)
• Sabathi Nagar (Per): Rs 440 per sq.ft (2024)
• Sagunthapuram (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, and the registration fee at 2% would be Rs 26,400, totaling 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 precise calculations based on your property.

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

The Sadasivam Salai (Ward -18) falls under 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 Panangottur

The guideline value is a crucial factor during the registration of property transactions in Panangottur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When you buy or sell property, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions, safeguarding the interests of both buyers and sellers.

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 for Sadasivam Salai (Ward -18)?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then 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.

What are the registration fees for a property in Sadasivam Salai (Ward -18)?

For a property of 1,000 sq.ft at the current guideline value, the total registration fees would amount to Rs 1,18,800, which includes stamp duty and registration fees.

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

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