Guideline Value for Sadagoban Street

Sadagoban Street guideline value

The current guideline value of Sadagoban Street in Zaminpallavaram village is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Residential Class I Type - II.

How the guideline value of Sadagoban Street has changed

The guideline value for Sadagoban Street has seen several revisions over the years. In the 2003 revision, the value was Rs 486 per sq.ft, which increased to Rs 800 per sq.ft in 2007. The 2012 revision saw a significant rise to Rs 3,000 per sq.ft, but this value dropped to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased again to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in the 2024 revision. The register has no figure for this street in 2002.

From 2003 to 2024, the overall increase in the guideline value is 579%. Notably, the value rose by 10% from 2023 to 2024, and there was a substantial increase of 49% from 2017 to 2023. The 2012 to 2017 revision saw a decrease of 33%, while the 2007 to 2012 revision experienced a remarkable increase of 275%. The increase from 2003 to 2007 was 65%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a guideline value for 2024 ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the guideline value of Sadagoban Street.

• Saara Nagar: Rs 3,300 per sq.ft (2024)
• Rosario Street (Jesubatham Street): Rs 3,300 per sq.ft (2024)
• Rock Avenue: Rs 2,750 per sq.ft (2024)
• R.K.V. Avenue: Rs 3,300 per sq.ft (2024)
• Sakthi Nagar: Rs 2,750 per sq.ft (2024)
• Reserve Bank Colony 4th Street: Rs 3,240 per sq.ft (2024)

Stamp duty and registration fee for property in Sadagoban Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sadagoban Street?

The Sub Registrar Office that covers Sadagoban Street is 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring compliance with local regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the higher of the guideline value or the sale price, which can significantly impact the total expenses involved in the transaction.

Frequently asked questions

What is the current guideline value of Sadagoban Street?

The current guideline value of Sadagoban Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 486 per sq.ft to Rs 3,300 per sq.ft in 2024, marking an overall increase of 579%.

What are the other streets in Zaminpallavaram with similar guideline values?

Other streets in Zaminpallavaram with a guideline value of Rs 3,300 per sq.ft include Saara Nagar, Rosario Street (Jesubatham Street), and R.K.V. Avenue.

What fees are associated with buying property on Sadagoban Street?

When purchasing property on Sadagoban Street, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sadagoban Street?

The Sub Registrar Office for Sadagoban Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.