Guideline Value for Sasivaradhan Nagar Main Road

Sasivaradhan Nagar Main Road guideline value

The current guideline value of Sasivaradhan Nagar Main Road is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sasivaradhan Nagar Main Road has changed

Over the years, the guideline value for Sasivaradhan Nagar Main Road has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 1,800 per sq.ft, and the most recent 2024 revision has set it at Rs 1,980 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. Sasivaradhan Nagar Main Road's 2024 figure is below this median.

• Sasi Varadhan Nagar: Rs 1,980 per sq.ft (2024)
• Sarojini Street: Rs 2,310 per sq.ft (2024)
• Sardar Adikesavalu Nagar: Rs 1,650 per sq.ft (2024)
• Sathguru Apartments: Rs 2,640 per sq.ft (2024)
• Sathiya Moorthy Lane: Rs 2,310 per sq.ft (2024)
• Sathiya Moorthy Street (1 to 5): Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Sasivaradhan Nagar Main Road

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sasivaradhan Nagar Main Road?

The Sasivaradhan Nagar Main Road falls under the jurisdiction of the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perungalathur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the higher of the guideline value and the sale price is considered for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sasivaradhan Nagar Main Road?

The current guideline value of Sasivaradhan Nagar Main Road is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Sasivaradhan Nagar Main Road?

Sasivaradhan Nagar Main Road is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Sasivaradhan Nagar?

The Padappai Sub Registrar Office covers Sasivaradhan Nagar Main Road, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated in Sasivaradhan Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at 7%, along with a registration fee of Rs 39,600 at 2%.