Guideline Value for Sadras Salai

Sadras Salai guideline value

The current guideline value of Sadras Salai is Rs 1,005 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Mixed Type - II land.

How the guideline value of Sadras Salai has changed

In the 2017 revision, the guideline value was Rs 670 per sq.ft. This figure increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw a further increase of 1%, bringing the guideline value to Rs 1,005 per sq.ft. 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 50%. The changes reflect a steady increase in the valuation of properties in this area over the years.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO, with guideline values ranging from Rs 300 to Rs 1,344 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, placing Sadras Salai's 2024 figure above this median.

• Sadras Salai Mangalam: Rs 805 per sq.ft (2024)
• Sadras Salai Thirukkalukundram: Rs 1,005 per sq.ft (2024)
• Sadras Soorappan Salai: Rs 1,100 per sq.ft (2024)
• Ruthirankoil West Street: Rs 600 per sq.ft (2024)
• Ruthirankoil Sannathi Street: Rs 700 per sq.ft (2024)
• Ruthirankoil Sadras salai: Rs 805 per sq.ft (2024)

Stamp duty and registration fee for property in Sadras Salai

For a 1,000 sq.ft plot at the current rate of Rs 1,005 per sq.ft, the guideline value would be Rs 10,05,000. The stamp duty at 7% would amount to Rs 70,350, and the registration fee at 2% would be Rs 20,100, totaling Rs 90,450. Please 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 Sadras Salai?

The Sub Registrar Office that covers Sadras Salai is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Thirukalukundrem A, as it determines the minimum value at which a property can be registered. It is essential for calculating stamp duty and registration fees, which are based on the guideline value or the sale price, whichever is higher.

When engaging in a property transaction, both buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations. This value helps in understanding the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of Sadras Salai?

The current guideline value of Sadras Salai is Rs 1,005 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 50%, from Rs 670 per sq.ft to Rs 1,005 per sq.ft in 2024. The most recent change from 2023 to 2024 was an increase of 1%.

What are the stamp duty and registration fees for property in Sadras Salai?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 90,450.

Which Sub Registrar Office covers Sadras Salai?

The Thirukazhukundram Sub Registrar Office covers Sadras Salai, located at Thiruchengode - 637 211, Chengalpattu registration zone.

What is the land classification for Sadras Salai?

Sadras Salai is classified as Mixed Type - II land, which affects its guideline value and potential uses.