Guideline Value for Sadhanandhapuram

Sadhanandhapuram guideline value

The current guideline value of Sadhanandhapuram is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Erandankattalai village under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Sadhanandhapuram has changed

The guideline value for Sadhanandhapuram has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 raised the value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The jump from 2017 to 2023 was 49%, highlighting a significant change in the valuation over these years.

Guideline values in Erandankattalai

In Erandankattalai, there are 60 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 4,270 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, which is equal to the current guideline value of Sadhanandhapuram.

• Sai Nagar: Rs 2,300 per sq.ft (2024)
• Royal Enclave: Rs 2,465 per sq.ft (2024)
• Samayapuram: Rs 1,100 per sq.ft (2024)
• Samayapuram Extn -I: Rs 1,100 per sq.ft (2024)
• Samayapuram Extn -II: Rs 1,100 per sq.ft (2024)
• Reddy Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sadhanandhapuram

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 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 Sadhanandhapuram?

The Sub Registrar Office that covers Sadhanandhapuram is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Erandankattalai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation or overvaluation. This helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sadhanandhapuram?

The current guideline value of Sadhanandhapuram 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 currently stands at Rs 1,100 per sq.ft as of 2024. This represents a 64% increase from 2017 to 2024.

What are the other streets in Erandankattalai with their guideline values?

Other streets in Erandankattalai include Sai Nagar at Rs 2,300 per sq.ft, Royal Enclave at Rs 2,465 per sq.ft, and several streets like Samayapuram, Samayapuram Extn -I, Samayapuram Extn -II, and Reddy Street, all at Rs 1,100 per sq.ft.

What fees are associated with property transactions in Sadhanandhapuram?

When registering a property in Sadhanandhapuram, buyers need to pay stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sadhanandhapuram?

The Sub Registrar Office for Sadhanandhapuram is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information about it online.