Guideline Value for SASTHIRI COLONY 2ND STREET

Sasthiri Colony 2nd Street guideline value

The current guideline value of Sasthiri Colony 2nd Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Sasthiri Colony 2nd Street has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 1,675 per sq.ft, marking a decline of 33%. The value then increased significantly in the 2023 revision to Rs 2,500 per sq.ft, and again rose to Rs 2,750 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram comprises 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in the village is Rs 3,300 per sq.ft, placing Sasthiri Colony 2nd Street's 2024 figure below this median.

• Sasthiri Colony 1st Street 1 To 4 Lanes: Rs 2,750 per sq.ft (2024)
• Sasthiri Colony 2nd Street 1 To 4 Lanes: Rs 2,750 per sq.ft (2024)
• Sasthiri Colony: Rs 2,750 per sq.ft (2024)
• Sastha Nagar: Rs 2,750 per sq.ft (2024)
• Sarojini Street: Rs 3,300 per sq.ft (2024)
• Sarojini St Extension: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sasthiri Colony 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sasthiri Colony 2nd Street?

The Sasthiri Colony 2nd Street is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Zaminpallavaram. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the higher value between the guideline value and the sale price is considered for calculating the applicable duties and fees. This ensures that the transaction adheres to the regulatory framework set by the state authorities.

Frequently asked questions

What is the current guideline value of Sasthiri Colony 2nd Street?

The current guideline value of Sasthiri Colony 2nd Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent increase from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024. Overall, the value has increased by 10% from 2012 to 2024.

What is the land classification for Sasthiri Colony 2nd Street?

Sasthiri Colony 2nd Street is classified as Residential Class II Type - I.

Where can I find the registration office for Sasthiri Colony 2nd Street?

The registration office covering Sasthiri Colony 2nd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Sasthiri Colony 2nd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,92,500.