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. 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 -2) has changed

Over the years, the guideline value of Sadasivam Salai (Ward -2) has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 1,200 per sq.ft, and the current 2024 revision has raised it further to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value 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 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 -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, bringing the total to Rs 1,18,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Peramanoor. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property transactions.

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 changed several times, with the most recent increase being from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, a 10% increase.

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

The land classification for Sadasivam Salai (Ward -2) is Residential Special Type - V.

Where can I find the Chengleput Joint II Sub Registrar Office?

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

How is the stamp duty calculated for properties in Sadasivam Salai (Ward -2)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 13,20,000, leading to a stamp duty of Rs 92,400.