Guideline Value for SAVADI ST

Savadi St guideline value

The current guideline value of Savadi St in Aswarevanthapuram village is Rs 300 per sq.ft, effective from 1 July 2024. This street falls under the Ramakrishna Rajupettai SRO and is classified as Residential Special Type - I.

How the guideline value of Savadi St has changed

In the 2017 revision, the guideline value for Savadi St was Rs 117 per sq.ft. This figure increased significantly to Rs 300 per sq.ft in the 2023 revision, marking a change of +156%. The 2024 revision maintained this value at Rs 300 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for Savadi St for the years 2002, 2003, 2007, and 2012. Therefore, the overall change from 2017 to 2024 is +156%.

Guideline values in Aswarevanthapuram

In Aswarevanthapuram, there are 10 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 300 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is equal to the guideline value of Savadi St.

• School St: Rs 300 per sq.ft (2024)
• Road Street: Rs 300 per sq.ft (2024)
• Old Post Office St: Rs 300 per sq.ft (2024)
• Mal Vannier St: Rs 300 per sq.ft (2024)
• Kuttai St: Rs 300 per sq.ft (2024)
• Chittor Main Rd: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Savadi St

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, resulting in a total of Rs 27,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Savadi St?

The Sub Registrar Office that covers Savadi St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Aswarevanthapuram. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. Buyers and sellers must be aware of this value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is considered the minimum value for calculating the stamp duty. This means that even if the sale price is lower than the guideline value, the duty will be based on the guideline value to ensure that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Savadi St?

The current guideline value of Savadi St is Rs 300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value for Savadi St increased from Rs 117 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and it has remained at Rs 300 per sq.ft in 2024, reflecting an overall change of +156% from 2017 to 2024.

What is the land classification for Savadi St?

Savadi St is classified as Residential Special Type - I under the Ramakrishna Rajupettai SRO.

What are the stamp duty and registration fees for a property in Savadi St?

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value is Rs 3,00,000. The stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which office handles property registrations for Savadi St?

The Ramakrishna Rajupettai Sub Registrar Office handles property registrations for Savadi St, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.