Guideline Value for Sadaippa Vallal Street

Sadaippa Vallal Street guideline value

The current guideline value of Sadaippa Vallal Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village, under the Konnur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Sadaippa Vallal Street has changed

The guideline value for Sadaippa Vallal Street has undergone several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft. This was followed by a significant increase to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 increased the value further to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 9,702 per sq.ft. The median guideline value in this area is Rs 1,300 per sq.ft, making the current value of Sadaippa Vallal Street below that median.

• Royal City (S.No.260/2): Rs 1,100 per sq.ft (2024)
• Royal City Phase I (S.No.252, 253, 342): Rs 1,100 per sq.ft (2024)
• Rani Anna Nagar: Rs 880 per sq.ft (2024)
• Saraswathy Nagar: Rs 880 per sq.ft (2024)
• Saraswathy Nagar Extn.: Rs 880 per sq.ft (2024)
• Saratha Nagar: Rs 801 per sq.ft (2024)

Stamp duty and registration fee for property in Sadaippa Vallal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sadaippa Vallal Street?

The Sub Registrar Office that covers Sadaippa Vallal Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is an essential factor when registering property transactions in 44.Ayanambakkam. It is used to determine the stamp duty and registration fees that must be paid during the transaction process.

When a buyer or seller engages in a property transaction, the guideline value serves as a benchmark for calculating the associated costs. This ensures that the transaction is recorded accurately and legally within the framework established by the local authorities.

Frequently asked questions

What is the current guideline value of Sadaippa Vallal Street?

The current guideline value of Sadaippa Vallal Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and then to Rs 1,100 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification for Sadaippa Vallal Street?

Sadaippa Vallal Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the registration office for Sadaippa Vallal Street?

The registration office for Sadaippa Vallal Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 11,00,000, the stamp duty would be calculated at 7% of that amount.