Guideline Value for SAPPAKAL RAMANUJAMMAL GARDEN STREET

Sappakal Ramanujammal Garden Street guideline value

The current guideline value of Sappakal Ramanujammal Garden Street is Rs 4,400 per sq.ft. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Sappakal Ramanujammal Garden Street has changed

The guideline value for Sappakal Ramanujammal Garden Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 1,100 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in the 2012 revision. However, this figure decreased to Rs 2,680 per sq.ft in the 2017 revision, before rising again to Rs 4,000 per sq.ft in the 2023 revision. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 300%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value in this area is Rs 5,500 per sq.ft, placing the 2024 figure for Sappakal Ramanujammal Garden Street below this median.

• Sanyasipuram Lane: Rs 4,400 per sq.ft (2024)
• Sanyasipuram All Streets: Rs 4,400 per sq.ft (2024)
• Sanyasipuram 1st Street: Rs 4,900 per sq.ft (2024)
• Santhiappa Street Extension: Rs 5,500 per sq.ft (2024)
• Santhiappa Road: Rs 5,500 per sq.ft (2024)
• Santhiappa Mudali Main Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sappakal Ramanujammal Garden Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. 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 detailed calculations.

Which Sub Registrar Office covers Sappakal Ramanujammal Garden Street?

The Sub Registrar Office that covers Sappakal Ramanujammal Garden 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 critical factor when buying or selling property in Purasaivakkam, as it determines the amount of stamp duty and registration fees payable. Buyers should be aware that the guideline value serves as a benchmark for property transactions, ensuring compliance with government regulations.

When registering a property, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the actual sale price. This ensures that all transactions are recorded accurately and transparently.

Frequently asked questions

What is the current guideline value of Sappakal Ramanujammal Garden Street?

The current guideline value of Sappakal Ramanujammal Garden Street is Rs 4,400 per sq.ft as per the 2024 revision.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,100 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, which is an overall increase of 300%.

What is the purpose of the guideline value?

The guideline value is used to determine the stamp duty and registration fees for property transactions. It serves as a benchmark for ensuring compliance with government regulations during property registration.

Where can I find the Purasaivakkam Sub Registrar Office?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. This office handles the registration of properties in the area.

What are the stamp duty rates in Purasaivakkam?

The stamp duty rate in Purasaivakkam is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.