Guideline Value for Sait Jaswanmal Sowcar Street

Sait Jaswanmal Sowcar Street guideline value

The current guideline value of Sait Jaswanmal Sowcar Street is Rs 4,800 per sq.ft, effective from 1 July 2024. This street is located in Vepery village, under the Periamet SRO, and is classified as Residential Class II Type - II.

How the guideline value of Sait Jaswanmal Sowcar Street has changed

Over the years, the guideline value of Sait Jaswanmal Sowcar Street has undergone several revisions. The earliest recorded figure is from 2007, where the value was Rs 800 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a remarkable rise of 463%. However, between 2012 and 2017, the value decreased to Rs 3,015 per sq.ft, reflecting a decline of 33%. The 2023 revision saw a substantial increase to Rs 4,500 per sq.ft, and the most recent 2024 revision has set the guideline value at Rs 4,800 per sq.ft, which is a 7% increase from the previous year.

It is important to note that there are no recorded figures for Sait Jaswanmal Sowcar Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 500%.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 4,800 per sq.ft, which is equal to the current guideline value of Sait Jaswanmal Sowcar Street.

• Sait Mohan lal sowcar street: Rs 4,800 per sq.ft (2024)
• Sait Bakwath Paith Varmal Sowcar Street: Rs 4,800 per sq.ft (2024)
• Salai Street: Rs 11,500 per sq.ft (2024)
• Sami Lane: Rs 6,000 per sq.ft (2024)
• Sami MudaliStreet: Rs 6,000 per sq.ft (2024)
• Sami nathan Gramani Street: Rs 4,800 per sq.ft (2024)

Stamp duty and registration fee for property in Sait Jaswanmal Sowcar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,800 per sq.ft, the total guideline value would be Rs 48,00,000. The stamp duty at 7% would amount to Rs 3,36,000, and the registration fee at 2% would be Rs 96,000, making the total cost for these charges Rs 4,32,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sait Jaswanmal Sowcar Street?

The Sub Registrar Office that covers Sait Jaswanmal Sowcar Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for further assistance.

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

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

Frequently asked questions

What is the current guideline value of Sait Jaswanmal Sowcar Street?

The current guideline value of Sait Jaswanmal Sowcar Street is Rs 4,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 800 per sq.ft in 2007 to Rs 4,800 per sq.ft in 2024, reflecting an overall increase of 500% over the years.

What is the land classification for Sait Jaswanmal Sowcar Street?

Sait Jaswanmal Sowcar Street is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 48,00,000, the stamp duty would be Rs 3,36,000.

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

The Sub Registrar Office for Sait Jaswanmal Sowcar Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.