Guideline Value for Sadaiyappa Doss Street

Sadaiyappa Doss Street guideline value

The current guideline value of Sadaiyappa Doss Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Siruvallur village, under the Sembiam SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Sadaiyappa Doss Street has changed

Over the years, the guideline value of Sadaiyappa Doss Street has seen significant changes. The 2002 revision recorded a guideline value of Rs 361 per sq.ft, which increased to Rs 397 per sq.ft in 2003. Following this, the value rose to Rs 800 per sq.ft in 2007, and then to Rs 2,000 per sq.ft in 2012. However, it experienced a decrease to Rs 1,340 per sq.ft in 2017. The value then increased to Rs 2,000 per sq.ft in 2023, and most recently, it has been revised to Rs 2,200 per sq.ft in 2024.

The changes between these revisions reflect a varied growth pattern. From 2002 to 2003, the value increased by 10%. The leap from 2003 to 2007 saw a 102% increase, while the jump from 2007 to 2012 was a 150% rise. The value then dropped by 33% from 2012 to 2017. After that, it surged by 49% from 2017 to 2023, culminating in a 10% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 509%.

Guideline values in Siruvallur

In Siruvallur village, there are 86 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 6,600 per sq.ft, with a median value of Rs 1,900 per sq.ft. Sadaiyappa Doss Street's 2024 figure of Rs 2,200 per sq.ft is above this median.

• Sabapathy Street: Rs 2,200 per sq.ft (2024)
• Sangara Madam Street: Rs 2,200 per sq.ft (2024)
• Rangasaee Street: Rs 3,900 per sq.ft (2024)
• Rangasaee Naidu Lane: Rs 3,300 per sq.ft (2024)
• Rangasaee Naidu 1st Lane: Rs 3,300 per sq.ft (2024)
• Rangasaee Lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sadaiyappa Doss Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sadaiyappa Doss Street?

The Sadaiyappa Doss Street falls under the jurisdiction of the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further inquiries.

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

The guideline value is a critical factor when registering property transactions in Siruvallur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the transaction's legitimacy. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sadaiyappa Doss Street?

The current guideline value of Sadaiyappa Doss Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 361 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 509%.

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

Other streets in Siruvallur with a guideline value of Rs 2,200 per sq.ft include Sabapathy Street and Sangara Madam Street.

Where can I find the Sub Registrar Office for Sadaiyappa Doss Street?

The Sub Registrar Office for Sadaiyappa Doss Street is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in Sadaiyappa Doss Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.