Guideline Value for Saidai Sambandam Street Block 93

Saidai Sambandam Street Block 93 guideline value

The current guideline value of Saidai Sambandam Street Block 93 is Rs 5,500 per sq.ft. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Saidai Sambandam Street Block 93 has changed

The guideline value for Saidai Sambandam Street Block 93 has undergone several revisions over the years. In 2007, the guideline value was Rs 1,460 per sq.ft, which saw a significant increase to Rs 5,000 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 raised the value to Rs 5,500 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 277%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2017 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing the 2024 figure for Saidai Sambandam Street Block 93 above this median.

• Saidapettai Kodambakkam Road: Rs 6,600 per sq.ft (2024)
• Sagunthala Street: Rs 4,900 per sq.ft (2024)
• R.V. Nagar A to Z Blocks & AA Bloock: Rs 4,900 per sq.ft (2024)
• R.V. Nagar 76th Street: Rs 4,900 per sq.ft (2024)
• R.V. Nagar 75th Street: Rs 4,900 per sq.ft (2024)
• R.V. Nagar 74th Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Saidai Sambandam Street Block 93

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saidai Sambandam Street Block 93?

The Sub Registrar Office that covers Saidai Sambandam Street Block 93 is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Kodambakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must be aware of the guideline value to ensure compliance with registration regulations.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value can significantly impact the overall costs involved in property transactions.

Frequently asked questions

What is the current guideline value of Saidai Sambandam Street Block 93?

The current guideline value of Saidai Sambandam Street Block 93 is Rs 5,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,460 per sq.ft to Rs 5,500 per sq.ft in 2024, representing a total increase of 277% over the years.

What is the land classification for Saidai Sambandam Street Block 93?

The land classification for Saidai Sambandam Street Block 93 is Residential Class III Type - I.

Where can I find the Sub Registrar Office for this street?

The Ashok Nagar Sub Registrar Office, which covers Saidai Sambandam Street Block 93, is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 at a rate of 7%.