Guideline Value

Corporate

Guideline Value for Sadasivam Avenue Extn.

₹2530/sq.ft.

The guideline value for Sadasivam Avenue Extn. in S. Kullathur village (Pallavaram SRO, Chengalpattu zone) is Rs 2530 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 27% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

S. Kullathur

Village

Pallavaram

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2530 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹266 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sadasivam Avenue Extn.

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Sadasivam Avenue Extn. guideline value

The current guideline value of Sadasivam Avenue Extn. is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in S. Kullathur village under the Pallavaram SRO, classified as Residential Class I Type - II.

How the guideline value of Sadasivam Avenue Extn. has changed

The guideline value for Sadasivam Avenue Extn. has seen several revisions over the years. Starting from Rs 266 per sq.ft in 2003, it rose to Rs 900 per sq.ft in 2007, then increased significantly to Rs 2,300 per sq.ft in 2012. However, it dropped to Rs 1,541 per sq.ft in 2017 before increasing to Rs 2,000 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 2,530 per sq.ft, marking an increase of 27% from the previous year.

Notably, there is no figure available for the year 2002 for this street. The changes between revisions show a rise of 30% from 2017 to 2023, a decrease of 33% from 2012 to 2017, a significant increase of 156% from 2007 to 2012, and a massive jump of 238% from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 851%.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median value is Rs 2,750 per sq.ft, placing Sadasivam Avenue Extn.'s 2024 figure below this median.

Stamp duty and registration fee for property in Sadasivam Avenue Extn.

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total charges to Rs 2,27,700. 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 Sadasivam Avenue Extn.?

The Sadasivam Avenue Extn. falls under the Pallavaram Sub Registrar Office located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To locate your SRO, you can find your SRO.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value is an essential factor in property transactions in S. Kullathur, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sadasivam Avenue Extn.?

The current guideline value of Sadasivam Avenue Extn. is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 266 per sq.ft in 2003 to Rs 2,530 per sq.ft in 2024, with several revisions in between, including a drop in 2017 before rising again in 2023 and 2024.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total charges would be Rs 2,27,700.

Which office handles property registrations for Sadasivam Avenue Extn.?

The Pallavaram Sub Registrar Office handles property registrations for Sadasivam Avenue Extn., located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

What is the significance of the guideline value in property transactions?

The guideline value is crucial as it sets the minimum price for property registration and determines the stamp duty and registration fees, ensuring compliance with local regulations.