Guideline Value for Saran Singh Street

Saran Singh Street guideline value

The current guideline value of Saran Singh Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Irunkattukottai village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Saran Singh Street has changed

In the 2012 revision, the guideline value was set at Rs 400 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 268 per sq.ft, marking a drop of 33%. However, the value rebounded significantly in the 2023 revision, returning to Rs 400 per sq.ft, a 49% increase from the 2017 figure. The 2024 revision also maintains this value at Rs 400 per sq.ft, showing no change from the previous year.

There are no figures available for Saran Singh Street in the revisions of 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value remains unchanged at Rs 400 per sq.ft.

Guideline values in Irunkattukottai

In Irunkattukottai, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,250 per sq.ft. The median value is Rs 400 per sq.ft, which is the same as the guideline value for Saran Singh Street.

• Sankar Nagar: Rs 250 per sq.ft (2024)
• Sakthi Nagar: Rs 250 per sq.ft (2024)
• Sabari Nagar: Rs 400 per sq.ft (2024)
• Sivaji Street: Rs 400 per sq.ft (2024)
• Sivan Koil Street: Rs 400 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Saran Singh Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total charges Rs 36,000. 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 Saran Singh Street?

The Sub Registrar Office that covers Saran Singh Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Irunkattukottai, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it is used to calculate stamp duty and registration fees.

At the time of registration, the guideline value is compared to the sale price, and the higher of the two is used for calculating the associated fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Saran Singh Street?

The current guideline value of Saran Singh Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revisions being Rs 400 per sq.ft in 2012, 2023, and 2024, and Rs 268 per sq.ft in 2017. There were no figures available for the years 2002, 2003, and 2007.

What is the classification of land on Saran Singh Street?

Saran Singh Street is classified as Residential Class III Type - I, which indicates the type of residential development allowed in the area.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, for a 1,000 sq.ft plot at Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000.

Where can I find the Sub Registrar Office for Saran Singh Street?

The Sub Registrar Office for Saran Singh Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.