Guideline Value for Sadhasivam Street

Sadhasivam Street guideline value

The current guideline value of Sadhasivam Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Sadhasivam Street has changed

The guideline value for Sadhasivam Street has seen several revisions over the years. In 2012, the value was Rs 4,000 per sq.ft, which then decreased to Rs 2,680 per sq.ft in 2017. Following this, the value increased significantly to Rs 4,000 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

Looking at the changes, from 2017 to 2023, there was a notable increase of 49%. However, from 2012 to 2017, the value experienced a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 8,250 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, making the Rs 4,400 per sq.ft for Sadhasivam Street above the median.

• Sakthi Nagar: Rs 2,200 per sq.ft (2024)
• Reddy Street: Rs 3,300 per sq.ft (2024)
• Reddiyar Palayam 2nd street: Rs 3,300 per sq.ft (2024)
• ReddiyarPalayam 1st street: Rs 4,400 per sq.ft (2024)
• Ranjeetham Nagar yovel Solomon Street: Rs 1,320 per sq.ft (2024)
• Santhanam Avenue: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Sadhasivam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sadhasivam Street?

The Sub Registrar Office that covers Sadhasivam Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Tambaram

The guideline value plays a crucial role in the registration process when buying or selling property in Tambaram. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally compliant.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sadhasivam Street?

The current guideline value of Sadhasivam Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then increased to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for Sadhasivam Street?

Sadhasivam Street is classified as Residential Special Type - II.

Where can I find the Tambaram Joint 1 SRO?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Tambaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 3,08,000 at 7%.