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 Peramanoor 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 of Sadasivam Salai has undergone several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,320 per sq.ft in 2024. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Between the revisions, the changes are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets registered under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, making Sadasivam Salai (Ward -18) above this median at Rs 1,320 per sq.ft.

• Sadasivam Salai (Ward -2): Rs 1,320 per sq.ft (2024)
• Sabathi Nagar (Per): Rs 661 per sq.ft (2024)
• Sagunthapuram (N): Rs 661 per sq.ft (2024)
• Rukumani Nagar (N): Rs 661 per sq.ft (2024)
• Roshan Babu Nagar (Ward -19): Rs 661 per sq.ft (2024)
• Sakthi Nagar (Per): Rs 661 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, making the total fees Rs 1,18,800. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

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, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Peramanoor. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The guideline value is set by the government and is updated periodically to reflect changes in the market.

When registering a property, the buyer must pay stamp duty based on the higher amount between the guideline value and the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

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 has seen several changes, from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then rising to Rs 1,200 per sq.ft in 2023, and currently at 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, indicating its designated use for residential purposes.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How do I calculate the stamp duty and registration fees?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000, leading to specific fees based on that amount.