Guideline Value for SADIQ BASHA STREET

Sadiq Basha Street guideline value

The current guideline value of Sadiq Basha Street is Rs 935 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village, under the Avadi SRO, and is classified as Residential Class II Type - II.

How the guideline value of Sadiq Basha Street has changed

In the 2012 revision, the guideline value was Rs 850 per sq.ft. This figure decreased to Rs 569 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 850 per sq.ft, followed by a further increase to Rs 935 per sq.ft in the 2024 revision, which represents a rise of 10% from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for Sadiq Basha Street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 935 per sq.ft, which is equal to the current value of Sadiq Basha Street.

• R.R. Nagar: Rs 1,470 per sq.ft (2024)
• Roja St: Rs 935 per sq.ft (2024)
• Sambangi St: Rs 935 per sq.ft (2024)
• Samiyar St: Rs 810 per sq.ft (2024)
• Reddy Street: Rs 810 per sq.ft (2024)
• Reddyar Garden: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Sadiq Basha Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total to Rs 84,150. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sadiq Basha Street?

The Sub Registrar Office that covers Sadiq Basha Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your specific SRO, visit find your SRO.

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

The guideline value serves as a benchmark for property transactions in Vilingiyambakkam. When buying or selling property, this value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

It is essential for buyers and sellers to be familiar with the guideline value, as it directly impacts the costs associated with property registration. This ensures a transparent process during property transactions.

Frequently asked questions

What is the current guideline value of Sadiq Basha Street?

The current guideline value of Sadiq Basha Street is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then back to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification of Sadiq Basha Street?

Sadiq Basha Street is classified as Residential Class II Type - II.

Which office handles registrations for Sadiq Basha Street?

The Avadi Sub Registrar Office handles registrations for Sadiq Basha Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Sadiq Basha Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 65,450.