Guideline Value for Sayabu Street

Sayabu Street guideline value

The current guideline value of Sayabu Street, located in Kovilpathagai village under the Ambattur SRO, is Rs 805 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Sayabu Street has changed

In the 2012 revision, the guideline value for Sayabu Street was Rs 700 per sq.ft. This figure decreased to Rs 469 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value saw a significant increase of 72%, bringing it back up to Rs 805 per sq.ft, which remained unchanged in the 2024 revision.

The register has no figures for Sayabu Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 15%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value in this area is Rs 870 per sq.ft, which means Sayabu Street's 2024 figure is below that median.

• School Street: Rs 880 per sq.ft (2024)
• Saraswathi Street: Rs 880 per sq.ft (2024)
• Sannathi Street: Rs 880 per sq.ft (2024)
• Sankaralingam Street: Rs 880 per sq.ft (2024)
• Seyoon Nagar: Rs 806 per sq.ft (2024)
• Shakrath Bilal Nagar: Rs 803 per sq.ft (2024)

Stamp duty and registration fee for property in Sayabu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 805 per sq.ft, the total guideline value amounts to Rs 8,05,000. The stamp duty at 7% would be Rs 56,350, and the registration fee at 2% would be Rs 16,100, making the total fees together Rs 72,450. Duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sayabu Street?

The Sub Registrar Office that covers Sayabu Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kovilpathagai. It is used to determine the stamp duty and registration fees that need to be paid during the property registration process.

When buying or selling property, the guideline value serves as a benchmark for the minimum value of the property, ensuring that the transaction is recorded at a fair value as per the government regulations.

Frequently asked questions

What is the current guideline value of Sayabu Street?

The current guideline value of Sayabu Street is Rs 805 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 805 per sq.ft in 2023 and remained the same in 2024.

What are the stamp duty and registration fees for property in Sayabu Street?

The stamp duty is 7% and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 72,450.

Which Sub Registrar Office covers Sayabu Street?

Sayabu Street is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Sayabu Street?

Sayabu Street falls under the Residential Class II Type - II land classification.