Guideline Value for Sandhai Road

Sandhai Road guideline value

The current guideline value of Sandhai Road in Cantonment Pallavaram village is Rs 3,300 per sq.ft, effective from 1 July 2024. This area falls under the Pallavaram SRO and is classified as Residential Class I Type - II.

How the guideline value of Sandhai Road has changed

The guideline value for Sandhai Road has seen significant changes over the years. In 2003, the value was Rs 812 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking a 23% rise. The value then jumped to Rs 3,000 per sq.ft in 2012, reflecting a remarkable 200% increase. However, it decreased to Rs 2,010 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, before reaching the current rate of Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 306%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Cantonment Pallavaram

Cantonment Pallavaram has a total of 81 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,650 to Rs 11,000 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, positioning Sandhai Road's current guideline value above this median.

• Safaiwala Quarters: Rs 2,700 per sq.ft (2024)
• RangasamiPillai Street: Rs 2,700 per sq.ft (2024)
• Rangapillai Street: Rs 3,300 per sq.ft (2024)
• Ranganatha Mudali Street: Rs 5,500 per sq.ft (2024)
• Rajendra Prasad Road: Rs 2,700 per sq.ft (2024)
• Sp Koil Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sandhai Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost for these fees Rs 2,97,000. 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 information.

Which Sub Registrar Office covers Sandhai Road?

Sandhai Road is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for additional details.

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

The guideline value plays a crucial role in property transactions in Cantonment Pallavaram. When buying or selling a property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the fees are calculated based on a standardized value set by the registration department.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Sandhai Road?

The current guideline value of Sandhai Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 812 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 306% over the years.

What is the land classification for Sandhai Road?

Sandhai Road is classified as Residential Class I Type - II.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 3,300 per sq.ft would incur specific fees based on the guideline value.