Guideline Value for Sagundalabaiammal Street

Sagundalabaiammal Street guideline value

The current guideline value of Sagundalabaiammal Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village, under the Pallavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sagundalabaiammal Street has changed

The guideline value of Sagundalabaiammal Street has undergone several revisions over the years. In 2007, the value was Rs 400 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, marking a 275% rise. However, it then decreased to Rs 1,005 per sq.ft in 2017, which represented a decline of 33%. The value further increased to Rs 1,500 per sq.ft in 2023, with a substantial rise of 49%. Currently, the guideline value stands at Rs 1,650 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for Sagundalabaiammal Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 313%.

Guideline values in Hastinapuram

In Hastinapuram village, there are 277 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,970 per sq.ft, placing Sagundalabaiammal Street's 2024 figure below this median.

• Rukumaniyammal Street: Rs 1,650 per sq.ft (2024)
• R.P.Road (Part)(Upto Garava Nagar Bus Stand): Rs 4,400 per sq.ft (2024)
• Samiyammal Colony: Rs 2,380 per sq.ft (2024)
• R.K. Nagar: Rs 2,420 per sq.ft (2024)
• Sangam Street: Rs 2,970 per sq.ft (2024)
• Sankarlal jain Street: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Sagundalabaiammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, resulting in a total of Rs 1,48,500. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sagundalabaiammal Street?

The Sub Registrar Office that covers Sagundalabaiammal Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Hastinapuram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

Additionally, the guideline value is used to calculate the stamp duty and registration fees applicable to the property. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sagundalabaiammal Street?

The current guideline value of Sagundalabaiammal Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 313% over the years.

What is the classification of land on Sagundalabaiammal Street?

Sagundalabaiammal Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Sagundalabaiammal Street?

The Sub Registrar Office for Sagundalabaiammal Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sagundalabaiammal Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at 7%.