Guideline Value for ST. Saviour Street

ST. Saviour Street guideline value

The current guideline value of ST. Saviour Street in Tondaiarpet village, under the Royapuram SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of ST. Saviour Street has changed

The guideline value of ST. Saviour Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2012 revision. This marked a significant increase of 100%. The value remained unchanged at Rs 1,200 per sq.ft during the 2023 revision, before rising to Rs 1,300 per sq.ft in the 2024 revision, reflecting an 8% increase.

There are no figures available for the revisions in 2002, 2003, and 2017 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing ST. Saviour Street's 2024 figure below that median.

• Stanley Nagar Lane: Rs 1,300 per sq.ft (2024)
• Stanley Medical College: Rs 2,200 per sq.ft (2024)
• Subbharya Chetty Street: Rs 1,600 per sq.ft (2024)
• Sudalai Muthu Street: Rs 1,600 per sq.ft (2024)
• Suriya Narayana Chetty 2nd Lane: Rs 2,200 per sq.ft (2024)
• Suriya Narayana Chetty 3rd Lane: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in ST. Saviour Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. 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 ST. Saviour Street?

The Sub Registrar Office that covers ST. Saviour Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Tondaiarpet. It is used to determine the stamp duty and registration fees during the sale or purchase of property. Buyers and sellers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

When engaging in a property transaction, it is essential to consult the guideline value to understand the financial implications and ensure compliance with local regulations. This helps in accurately estimating the total costs involved in the transaction.

Frequently asked questions

What is the current guideline value of ST. Saviour Street?

The current guideline value of ST. Saviour Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 117% over the years.

What are the stamp duty and registration fees for ST. Saviour Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,17,000.

Which office handles registrations for ST. Saviour Street?

The Royapuram Sub Registrar Office handles registrations for ST. Saviour Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the land classification for ST. Saviour Street?

ST. Saviour Street falls under the Residential Class II Type - I land classification.