Guideline Value for SADASIVAM SALAI (WARD -2)

Sadasivam Salai (Ward -2) guideline value

The current guideline value of Sadasivam Salai (Ward -2) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Sadasivam Salai (Ward -2) 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 was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and further rose to Rs 1,320 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The most recent change from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Sadasivam Salai (Ward -2) above this median.

• Sadasivam Salai (Ward -18): 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 -2)

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, leading to a total of 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sadasivam Salai (Ward -2)?

The Sub Registrar Office that covers Sadasivam Salai (Ward -2) 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 Kattankollatur

The guideline value plays a crucial role in the registration process when buying or selling property in Kattankollatur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sadasivam Salai (Ward -2)?

The current guideline value of Sadasivam Salai (Ward -2) 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 revisions, with the most recent increase being from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, reflecting a 10% increase.

What is the land classification for Sadasivam Salai (Ward -2)?

Sadasivam Salai (Ward -2) is classified as Residential Special Type - V, indicating its designated use for residential purposes.

What is the median guideline value for streets in Kattankollatur?

The median guideline value for streets in Kattankollatur is Rs 1,100 per sq.ft, with Sadasivam Salai (Ward -2) being above this median at Rs 1,320 per sq.ft.

Where is the Sub Registrar Office located for this area?

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