Guideline Value for SAIT JASWANTHMAL SOWCAR STREET

Sait Jaswanthmal Sowcar Street guideline value

The current guideline value of Sait Jaswanthmal Sowcar Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Sait Jaswanthmal Sowcar Street has changed

The guideline value for Sait Jaswanthmal Sowcar Street has seen several revisions over the years. In 2007, the value was Rs 1,100 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 309%. However, from 2012 to 2017, the value decreased to Rs 3,015 per sq.ft, reflecting a decline of 33%. The value then increased again to Rs 4,500 per sq.ft in 2023, a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 4,900 per sq.ft, an increase of 9% from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for Sait Jaswanthmal Sowcar Street in the register. Overall, from 2007 to 2024, the guideline value has increased by 345%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO with a 2024 guideline value 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 Sait Jaswanthmal Sowcar Street's 2024 figure below that median.

• Sadasivam Street: Rs 4,400 per sq.ft (2024)
• Salai Managar (A) Salaicheri: Rs 4,400 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Sait Jaswanthmal Sowcar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total fees together to Rs 4,41,000. 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 precise calculations.

Which Sub Registrar Office covers Sait Jaswanthmal Sowcar Street?

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

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

The guideline value is a crucial factor 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 compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sait Jaswanthmal Sowcar Street?

The current guideline value of Sait Jaswanthmal Sowcar Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,100 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 345% over the years.

What is the stamp duty for property in Sait Jaswanthmal Sowcar Street?

The stamp duty for property in Sait Jaswanthmal Sowcar Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sait Jaswanthmal Sowcar Street?

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

What is the land classification for Sait Jaswanthmal Sowcar Street?

The land classification for Sait Jaswanthmal Sowcar Street is Residential Class III Type - II.