Guideline Value for SADASIVAM SALAI (WARD -2)

Sadasivam Salai (Ward -2) guideline value

The current guideline value of Sadasivam Salai (Ward -2) is Rs 1,321 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls 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 seen several revisions over the years. The 2012 revision was set at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft. The value then increased significantly to Rs 1,200 per sq.ft in 2023, reflecting a 49% rise from the 2017 figure. The latest revision in 2024 has further increased the guideline value to Rs 1,321 per sq.ft, marking a 10% rise from the previous year.

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

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Sadasivam Salai's 2024 value above this median.

• Sadasivam Salai (Ward -18): Rs 1,321 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 -2)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value amounts to Rs 13,21,000. The stamp duty at 7% would be Rs 92,470, while the registration fee at 2% would be Rs 26,420, leading to a total of Rs 1,18,890 for both fees. It is important to note that the 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 detailed calculations.

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

The Sadasivam Salai (Ward -2) falls under 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ninna Karai. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a recognized value.

When registering a property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership. Buyers and sellers should be aware of these values to ensure compliance with local regulations.

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 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value 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 currently stands at Rs 1,321 per sq.ft in 2024.

What is the land classification for Sadasivam Salai?

Sadasivam Salai is classified as Residential Special Type - V under the Chengleput Joint II SRO.

Where is the Sub Registrar Office for Sadasivam Salai located?

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

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,18,890.