Guideline Value for Sadaiyandiamman Koil Street

Sadaiyandiamman Koil Street guideline value

The current guideline value of Sadaiyandiamman Koil Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village, under the Selaiyur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sadaiyandiamman Koil Street has changed

In the 2012 revision, the guideline value was Rs 1,000 per sq.ft. This figure decreased to Rs 670 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent revision in 2024 saw a significant increase, bringing the guideline value back up to Rs 1,100 per sq.ft, which represents a 64% increase from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 in the register for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, indicating that Sadaiyandiamman Koil Street's 2024 figure is below the median.

• Sadaiyappan Koil Street: Rs 1,100 per sq.ft (2024)
• Sadha Siva Nagar Extension I & II: Rs 2,750 per sq.ft (2024)
• Sadhasiva Nagar Extension-IV: Rs 4,000 per sq.ft (2024)
• Sadhasiva Nagar Extentsion-III: Rs 2,750 per sq.ft (2024)
• Sadhasiva Nagar I: Rs 2,750 per sq.ft (2024)
• Sadha Siva Nagar I & II: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Sadaiyandiamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that the 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 Sadaiyandiamman Koil Street?

The Sub Registrar Office that covers Sadaiyandiamman Koil Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Madambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This value is essential for both buyers and sellers to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Sadaiyandiamman Koil Street?

The current guideline value of Sadaiyandiamman Koil 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 changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,100 per sq.ft in 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

What is the land classification of Sadaiyandiamman Koil Street?

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

What are the stamp duty and registration fees for property in Sadaiyandiamman Koil Street?

The stamp duty is charged at 7%, and the registration fee is 2%. For a property valued at Rs 11,00,000, the total fees would amount to Rs 99,000.

Which office handles registrations for Sadaiyandiamman Koil Street?

The Selaiyur Sub Registrar Office handles registrations for Sadaiyandiamman Koil Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.