Guideline Value for SALIYAR STREET

Saliyar Street guideline value

The current guideline value of Saliyar Street in Kolathur village is Rs 104 per sq.ft, effective from 1 July 2024. This street falls under the Pallipattu SRO and is classified as Residential Class I Type - I.

How the guideline value of Saliyar Street has changed

Over the years, the guideline value of Saliyar Street has seen significant changes. The earliest recorded revision was in 2007, with a value of Rs 25 per sq.ft. This increased to Rs 80 per sq.ft in 2012, marking a substantial rise of 220%. However, from 2012 to 2017, the value decreased to Rs 54 per sq.ft, a decline of 33%. The value then rose sharply to Rs 100 per sq.ft in 2023, reflecting an increase of 85%. The latest revision in 2024 set the guideline value at Rs 104 per sq.ft, an increase of 4% from the previous year.

The register has no figures for Saliyar Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 316%.

Guideline values in Kolathur

In Kolathur, there are 18 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 104 to Rs 150 per sq.ft, with a median value of Rs 104 per sq.ft. Saliyar Street's 2024 figure aligns with this median.

• Road Street: Rs 104 per sq.ft (2024)
• Raja Street: Rs 104 per sq.ft (2024)
• Sorakayapet (Thoppu Street): Rs 104 per sq.ft (2024)
• S.P Balu Gardens: Rs 150 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 104 per sq.ft (2024)
• Ootha Vadai Street: Rs 104 per sq.ft (2024)

Stamp duty and registration fee for property in Saliyar Street

For a 1,000 sq.ft plot at the current rate of Rs 104 per sq.ft, the guideline value amounts to Rs 1,04,000. The stamp duty at 7% would be Rs 7,280, and the registration fee at 2% would be Rs 2,080, totaling Rs 9,360. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Saliyar Street?

The Sub Registrar Office that covers Saliyar Street is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for further assistance.

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

The guideline value is a critical factor in property transactions in Kolathur. It serves as a reference point for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate applicable stamp duty and registration fees. This ensures that the government receives the correct revenue based on the property's assessed value, which is vital for maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Saliyar Street?

The current guideline value of Saliyar Street is Rs 104 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 25 per sq.ft in 2007 to Rs 104 per sq.ft in 2024, showing an overall increase of 316% over the years.

What is the land classification for Saliyar Street?

Saliyar Street is classified as Residential Class I Type - I under the Pallipattu SRO.

What are the stamp duty and registration fees for a property on Saliyar Street?

For a property valued at Rs 1,04,000, the stamp duty would be Rs 7,280 and the registration fee would be Rs 2,080, totaling Rs 9,360.

Which office handles property registrations for Saliyar Street?

The Pallipattu Sub Registrar Office handles property registrations for Saliyar Street, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.