Guideline Value for Sadaiyappan Koil Street

Sadaiyappan Koil Street guideline value

The current guideline value of Sadaiyappan 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, classified as Residential Class III Type - I.

How the guideline value of Sadaiyappan Koil Street has changed

The guideline value for Sadaiyappan Koil Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in the 2017 revision. The most recent revision in 2024 has increased the guideline value to Rs 1,100 per sq.ft, marking a 64% increase from the 2017 figure. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2023 for Sadaiyappan Koil Street.

Guideline values in Madambakkam

In Madambakkam, there are a total of 1,151 streets under the Selaiyur SRO, with guideline values 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, placing Sadaiyappan Koil Street's 2024 figure below this median.

• Sadaiyandiamman 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 Sadaiyappan 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 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, bringing the total fees 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 Sadaiyappan Koil Street?

The Sub Registrar Office that covers Sadaiyappan 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, in the Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and fairness in the property market.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that both buyers and sellers are aware of the financial obligations involved in the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Sadaiyappan Koil Street?

The current guideline value of Sadaiyappan 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 has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, and then increased to Rs 1,100 per sq.ft in 2024. This represents a 64% increase from the 2017 figure.

What is the land classification for Sadaiyappan Koil Street?

Sadaiyappan Koil Street is classified as Residential Class III Type - I according to the guidelines set by the registration department.

Where can I find the Sub Registrar Office for Sadaiyappan Koil Street?

The Selaiyur Sub Registrar Office covers Sadaiyappan Koil Street and is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Sadaiyappan Koil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000.