Guideline Value for SADGOPA AZHVAR STREET

Sadgopa Azhvar Street guideline value

The current guideline value of Sadgopa Azhvar Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and it falls under the Residential Class III Type - II land classification.

How the guideline value of Sadgopa Azhvar Street has changed

Over the years, the guideline value of Sadgopa Azhvar Street has seen several revisions. The 2002 revision recorded a value of Rs 383 per sq.ft, which increased to Rs 420 per sq.ft in 2003, marking a 10% rise. By 2007, the value surged to Rs 550 per sq.ft, reflecting a 31% increase. The 2012 revision saw a significant jump to Rs 2,500 per sq.ft, a 355% increase from the previous revision. However, the value dropped to Rs 1,675 per sq.ft in 2017, indicating a decrease of 33%. The 2023 revision set the value at Rs 2,500 per sq.ft, which was then increased to Rs 2,700 per sq.ft in the 2024 revision, representing an 8% rise.

Overall, from 2002 to 2024, the guideline value has increased by 605%. Notably, there are no figures available for the years between the revisions mentioned above for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which is equal to the current guideline value of Sadgopa Azhvar Street.

• Sadaiappa Doss Street: Rs 4,900 per sq.ft (2024)
• Saiva Muthaiya Mudali 6th Street: Rs 2,700 per sq.ft (2024)
• Sakthi Vinayagar Koil Street: Rs 2,200 per sq.ft (2024)
• Salaimanagar: Rs 2,700 per sq.ft (2024)
• Salaimanagar 1st Street: Rs 2,700 per sq.ft (2024)
• Salaimanagar 2nd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sadgopa Azhvar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sadgopa Azhvar Street?

The Sub Registrar Office that covers Sadgopa Azhvar 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 Perambur

The guideline value is a crucial factor when registering property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Sadgopa Azhvar Street?

The current guideline value of Sadgopa Azhvar Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 383 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 605% during this period.

What is the land classification for Sadgopa Azhvar Street?

Sadgopa Azhvar Street is classified under Residential Class III Type - II.

Where can I find the Sub Registrar Office for Sadgopa Azhvar Street?

The Sub Registrar Office for Sadgopa Azhvar Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Sadgopa Azhvar Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000.