Guideline Value for Sayee Street (Indian Lane)

Sayee Street (Indian Lane) guideline value

The current guideline value of Sayee Street (Indian Lane) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village, under the Pallavaram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Sayee Street (Indian Lane) has changed

The guideline value for Sayee Street (Indian Lane) has seen several revisions over the years. In 2003, the guideline value was Rs 175 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2007, marking a rise of 129%. The value then surged to Rs 2,000 per sq.ft in 2012, reflecting an impressive increase of 400%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, a decline of 33%. The guideline value then rose to Rs 2,000 per sq.ft in 2023, and most recently, it has increased to Rs 2,200 per sq.ft in 2024, which is a 10% increase.

It is important to note that the register has no figure for Sayee Street (Indian Lane) for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 1,157%.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, placing Sayee Street (Indian Lane) below this median.

• Sayee Nagar: Rs 2,200 per sq.ft (2024)
• Self Help Industrial Estate 1 To 5 Streets: Rs 2,200 per sq.ft (2024)
• Self Help Private Industrial Estate: Rs 2,200 per sq.ft (2024)
• Santhanakrishna Layout: Rs 2,160 per sq.ft (2024)
• Sandhiyamman Nagar: Rs 1,980 per sq.ft (2024)
• Sakthi Nagar Varasithi Vinayagar Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Sayee Street (Indian Lane)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sayee Street (Indian Lane)?

The Sub Registrar Office that covers Sayee Street (Indian Lane) is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kilkattalai. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in the official records.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential for the legal transfer of property ownership. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sayee Street (Indian Lane)?

The current guideline value of Sayee Street (Indian Lane) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 175 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, representing an overall increase of 1,157%.

What are the registration fees for property in Sayee Street (Indian Lane)?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations for Sayee Street (Indian Lane)?

The Pallavaram Sub Registrar Office handles property registrations for Sayee Street (Indian Lane), located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the median guideline value for streets in Kilkattalai?

The median guideline value for streets in Kilkattalai is Rs 2,530 per sq.ft, which is higher than the current guideline value of Sayee Street (Indian Lane).