Guideline Value for Sait colony 2ndt street

Sait colony 2ndt street guideline value

The current guideline value of Sait colony 2ndt 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 the land classification is Mixed Type - I.

How the guideline value of Sait colony 2ndt street has changed

The guideline value for Sait colony 2ndt street has seen significant changes over the years. In 2007, the value was Rs 4,000 per sq.ft, which increased to Rs 12,300 per sq.ft in 2012, marking a 208% rise. However, from 2012 to 2017, the value decreased to Rs 8,241 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 12,300 per sq.ft in 2023, before reaching the current value of Rs 13,400 per sq.ft in 2024, which is a 9% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, bringing the value to Rs 12,300 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 235%. It is important to note that the register has no figures for this street for the years 2002 and 2003.

Guideline values in Egmore

In Egmore, 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, with a median value of Rs 7,100 per sq.ft. The guideline value for Sait colony 2ndt street is above this median.

• Sait colony 1st street: Rs 13,400 per sq.ft (2024)
• Sait Colony 3rd 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 2ndt street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 1,34,00,000. The stamp duty at 7% would be Rs 9,38,000, and the registration fee at 2% would be Rs 2,68,000, totaling Rs 12,06,000. It is important 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 Sait colony 2ndt street?

The Sait colony 2ndt street falls under 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 Egmore

The guideline value is a crucial factor when registering property transactions in Egmore. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures transparency in the registration process. Buyers and sellers must be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Sait colony 2ndt street?

The current guideline value of Sait colony 2ndt 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 significantly from Rs 4,000 per sq.ft in 2007 to Rs 13,400 per sq.ft in 2024, marking an overall increase of 235%.

What are the stamp duty and registration fees for property in Sait colony 2ndt street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 9,38,000, and the registration fee would be Rs 2,68,000, totaling Rs 12,06,000.

Which office handles registrations for Sait colony 2ndt street?

The Periamet Sub Registrar Office handles registrations for Sait colony 2ndt street, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification for Sait colony 2ndt street?

The land classification for Sait colony 2ndt street is Mixed Type - I.