Guideline Value for SADAYANGUPPAM PATTAI

Sadayanguppam Pattai guideline value

The current guideline value of Sadayanguppam Pattai is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sadayanguppam Pattai has changed

The guideline value for Sadayanguppam Pattai has seen several revisions over the years. In 2007, the value was set at Rs 600 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 400% rise. However, it dropped to Rs 2,010 per sq.ft in 2017, reflecting a decrease of 33%. The value then rose again to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median value is Rs 3,300 per sq.ft, which matches the current guideline value of Sadayanguppam Pattai.

• Sachchiyyakuppam: Rs 2,150 per sq.ft (2024)
• Sakthi Ganapathi Nagar: Rs 1,500 per sq.ft (2024)
• Rottikara Madam Street: Rs 3,300 per sq.ft (2024)
• R.M.V. Nagar: Rs 1,500 per sq.ft (2024)
• Retaimalai Srinivasan Nagar: Rs 3,300 per sq.ft (2024)
• Sannathi Street: Rs 3,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sadayanguppam Pattai

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. 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 details.

Which Sub Registrar Office covers Sadayanguppam Pattai?

The Sub Registrar Office that covers Sadayanguppam Pattai is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in property transactions in Thiruvottiyur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees applicable to the transaction.

During the registration process, the guideline value is compared to the sale price of the property. The higher of the two values is used to compute the applicable fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sadayanguppam Pattai?

The current guideline value of Sadayanguppam Pattai is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 450%. The most recent revision occurred in 2024, which saw a 10% increase from the previous year.

What are the stamp duty and registration fees for properties in Sadayanguppam Pattai?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,97,000.

Which Sub Registrar Office covers Sadayanguppam Pattai?

The Thiruvottiyur Sub Registrar Office covers Sadayanguppam Pattai, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

Where can I find more information about the guideline value?

You can find more information about the guideline value and related fees through the Registration Department's official website or by consulting the guideline value register.