Guideline Value for SADASIVAM STREET

Sadasivam Street guideline value

The current guideline value of Sadasivam Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Sadasivam Street has changed

Over the years, the guideline value of Sadasivam Street has seen several revisions. The 2007 revision set the value at Rs 1,100 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, this figure decreased to Rs 2,680 per sq.ft in 2017. The 2023 revision raised it to Rs 4,000 per sq.ft, and the latest 2024 revision has further increased it to Rs 4,400 per sq.ft. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

In terms of percentage changes, the value rose by 264% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The jump from 2023 to 2024 is a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value for these streets is Rs 5,500 per sq.ft, placing Sadasivam Street's 2024 figure below this median.

• Sachithanantham Street: Rs 4,400 per sq.ft (2024)
• Sachithanantham 1st Lane: Rs 4,400 per sq.ft (2024)
• Rundals Street: Rs 14,300 per sq.ft (2024)
• Rundals Road: Rs 14,300 per sq.ft (2024)
• Rudrappa Street: Rs 5,500 per sq.ft (2024)
• Sait Jaswanthmal Sowcar Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sadasivam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, the total cost for these fees would be Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sadasivam Street?

The Sub Registrar Office that covers Sadasivam Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

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

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers adhere to the legal requirements set by the government. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Sadasivam Street?

The current guideline value of Sadasivam Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 300% over this period.

What are the stamp duty and registration fees for properties in Sadasivam Street?

The total stamp duty and registration fees for a 1,000 sq.ft property at the current guideline value would amount to Rs 3,96,000, calculated based on the guideline value of Rs 44,00,000.

Which office handles the registration for Sadasivam Street?

The Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, handles the registration for Sadasivam Street.

Where can I find more information about the guideline values in Purasaivakkam?

More information about the guideline values in Purasaivakkam can be found in the Registration Department's guideline value register (TNReginet) or by visiting the Purasaivakkam Sub Registrar Office.