Guideline Value for SADULLAH STREET

Sadullah Street guideline value

The current guideline value of Sadullah Street is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village, under the Thiyagaraya nagar SRO, classified as Residential Special Type - I.

How the guideline value of Sadullah Street has changed

The guideline value for Sadullah Street has undergone several revisions over the years. The earliest recorded figure is from 2003, with a guideline value of Rs 1,332 per sq.ft. This increased to Rs 2,000 per sq.ft in 2007, marking a 50% rise. The value then saw a significant jump to Rs 10,000 per sq.ft in 2012, resulting in a 400% increase. However, by 2017, the value decreased to Rs 6,700 per sq.ft, a drop of 33%. The value rose again to Rs 10,000 per sq.ft in 2023, and finally to Rs 11,000 per sq.ft in 2024, reflecting a 10% increase from the previous year.

It is important to note that there is no recorded guideline value for Sadullah Street in the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 726%.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value is Rs 11,000 per sq.ft, which aligns with the current guideline value of Sadullah Street.

• Sambandam Road: Rs 6,600 per sq.ft (2024)
• Reddy Manai: Rs 5,500 per sq.ft (2024)
• Ratan Street: Rs 13,200 per sq.ft (2024)
• Rangan Street: Rs 11,000 per sq.ft (2024)
• Rangan Lane: Rs 6,600 per sq.ft (2024)
• Ranganathan Street: Rs 27,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sadullah Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, totaling Rs 9,90,000. 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 Sadullah Street?

The Sub Registrar Office that covers Sadullah Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Tnagar. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When buying or selling property, it is essential to consider the guideline value as it affects the overall cost of the transaction. The higher of the guideline value or the sale price is used to calculate the duty, ensuring that the appropriate fees are paid to the registration department.

Frequently asked questions

What is the current guideline value of Sadullah Street?

The current guideline value of Sadullah Street is Rs 11,000 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 1,332 per sq.ft in 2003 to Rs 11,000 per sq.ft in 2024, reflecting an overall increase of 726%.

What are the registration fees for property in Sadullah Street?

The registration fees for a property in Sadullah Street include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which Sub Registrar Office is responsible for Sadullah Street?

The Thiyagaraya nagar Sub Registrar Office is responsible for Sadullah Street, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

What is the land classification of Sadullah Street?

Sadullah Street is classified as Residential Special Type - I under the Thiyagaraya nagar SRO.