Guideline Value for Sait Colony 3rd Street

Sait Colony 3rd Street guideline value

The current guideline value of Sait Colony 3rd Street is Rs 13,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Mixed Type - I.

How the guideline value of Sait Colony 3rd Street has changed

The guideline value for Sait Colony 3rd Street has seen several revisions over the years. The 2012 revision had a guideline value of Rs 12,300 per sq.ft, which decreased to Rs 8,241 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 12,300 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has set the value at Rs 13,400 per sq.ft, which is a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value among these streets is Rs 7,100 per sq.ft, placing Sait Colony 3rd Street above this median.

• Sait colony 2nd street: Rs 13,400 per sq.ft (2024)
• Sait colony 1st street: Rs 13,400 per sq.ft (2024)
• Sadhu Chetty street: Rs 7,100 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 Sait Colony 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 13,400 per sq.ft, the total guideline value would be Rs 1,34,00,000. The stamp duty at 7% would amount to Rs 9,38,000, while the registration fee at 2% would be Rs 2,68,000, bringing the total fees to Rs 12,06,000. It is important to note that the 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 Sait Colony 3rd Street?

The Sub Registrar Office that covers Sait Colony 3rd Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for additional information.

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

The guideline value plays a crucial role during the registration of property transactions in Egmore. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, buyers and sellers must ensure that the transaction value is in line with the guideline value. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sait Colony 3rd Street?

The current guideline value of Sait Colony 3rd Street is Rs 13,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 12,300 per sq.ft in 2012 to Rs 8,241 per sq.ft in 2017, then increased to Rs 12,300 per sq.ft in 2023, and finally to Rs 13,400 per sq.ft in 2024.

What is the land classification for Sait Colony 3rd Street?

Sait Colony 3rd Street is classified as Mixed Type - I according to the current land classification.

Where can I find the stamp duty and registration fees for properties in this area?

You can find the stamp duty and registration fees for properties in Sait Colony 3rd Street by using the stamp duty and registration fee calculator.

Which office handles registrations for Sait Colony 3rd Street?

The Periamet Sub Registrar Office handles registrations for Sait Colony 3rd Street, located at 1103, Poonamallee High Road, Chennai-600 003.