Guideline Value for SALAVAKKAM COLONY DHEDEER NAGAR

Salavakkam Colony Dhedeer Nagar guideline value

The current guideline value of Salavakkam Colony Dhedeer Nagar is Rs 102 per sq.ft, effective from 1 July 2024. This area is located in Salavakkam village, under the Salavakkam SRO, and is classified as Residential Class V Type - I.

How the guideline value of Salavakkam Colony Dhedeer Nagar has changed

Since the 2012 revision, the guideline value has seen significant changes. In 2012, the value was Rs 50 per sq.ft, which decreased to Rs 33 per sq.ft in 2017. However, from 2017 to 2023, the value increased dramatically to Rs 100 per sq.ft, marking a 203% rise. The most recent revision in 2024 set the value at Rs 102 per sq.ft, reflecting a 2% increase from the previous year.

There are no figures available in the register for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 104%.

Guideline values in Salavakkam

In Salavakkam, there are 38 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 250 per sq.ft, with a median value of Rs 150 per sq.ft. Salavakkam Colony Dhedeer Nagar's 2024 guideline value is below this median.

• Salavakkam Colony Bazani Kovil Street: Rs 101 per sq.ft (2024)
• Salavakkam Colony Mettu Street: Rs 102 per sq.ft (2024)
• Reddy Street: Rs 175 per sq.ft (2024)
• Sindhu Nagar: Rs 200 per sq.ft (2024)
• Sindhu Nagar Phase-I: Rs 100 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in Salavakkam Colony Dhedeer Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 102 per sq.ft, the total guideline value amounts to Rs 1,02,000. The stamp duty at 7% would be Rs 7,140, and the registration fee at 2% would be Rs 2,040, making the total fees Rs 9,180. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Salavakkam Colony Dhedeer Nagar?

The Salavakkam Colony Dhedeer Nagar area is covered by the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Salavakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the officially recognized value of the property.

When buying or selling property, the guideline value helps in determining the minimum price at which a property can be registered. This ensures transparency and compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Salavakkam Colony Dhedeer Nagar?

The current guideline value of Salavakkam Colony Dhedeer Nagar is Rs 102 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 50 per sq.ft in 2012 to Rs 102 per sq.ft in 2024, with various revisions in between, including a notable increase of 203% from 2017 to 2023.

What is the land classification for Salavakkam Colony Dhedeer Nagar?

Salavakkam Colony Dhedeer Nagar is classified as Residential Class V Type - I, indicating its designation for residential use.

Where can I find the Salavakkam Sub Registrar Office?

The Salavakkam Sub Registrar Office is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Salavakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 1,02,000 would incur a stamp duty of Rs 7,140 at a rate of 7%.