Guideline Value for Sadhu Chetty street

Sadhu Chetty street guideline value

The current guideline value of Sadhu Chetty street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sadhu Chetty street has changed

The guideline value for Sadhu Chetty street has seen several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 1,200 per sq.ft. This figure increased significantly to Rs 6,500 per sq.ft in 2012, marking an increase of 442%. However, from 2012 to 2017, the value decreased to Rs 4,355 per sq.ft, a drop of 33%. The value then rose again to Rs 6,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 sets the value at Rs 7,100 per sq.ft, which is a 9% increase from the previous year.

It is important to note that the guideline value register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 492%.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 7,100 per sq.ft, which matches the current value for Sadhu Chetty street.

• Sait colony 1st street: Rs 13,400 per sq.ft (2024)
• Sait colony 2ndt street: Rs 13,400 per sq.ft (2024)
• Sait Colony 3rd Street: Rs 13,400 per sq.ft (2024)
• Sami chetty street: Rs 7,100 per sq.ft (2024)
• Samipuram: Rs 3,400 per sq.ft (2024)
• Sami reddy street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sadhu Chetty street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, while the registration fee at 2% would be Rs 1,42,000. Together, the total cost for stamp duty and registration would be Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sadhu Chetty street?

The Sub Registrar Office that covers Sadhu Chetty street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Egmore. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sadhu Chetty street?

The current guideline value of Sadhu Chetty street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, reflecting a significant increase of 492% over the years.

What are the stamp duty and registration fees for properties on Sadhu Chetty street?

For a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000.

Which Sub Registrar Office covers Sadhu Chetty street?

The Periamet Sub Registrar Office covers Sadhu Chetty street, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification of Sadhu Chetty street?

Sadhu Chetty street is classified as Residential Class II Type - I, which is relevant for property transactions in the area.