Guideline Value for Thiru Sadaiyamman Koil street

Thiru Sadaiyamman Koil street guideline value

The current guideline value of Thiru Sadaiyamman Koil street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO and is classified as Residential Class III Type - I.

How the guideline value of Thiru Sadaiyamman Koil street has changed

The guideline value for Thiru Sadaiyamman Koil street has seen several revisions over the years. In 2002, the value was Rs 508 per sq.ft, which increased to Rs 560 per sq.ft in 2003. Following that, the value rose significantly to Rs 1,000 per sq.ft in 2007. In 2012, it saw a decrease to Rs 3,600 per sq.ft, and then it dropped further to Rs 2,412 per sq.ft in 2017. The value increased again to Rs 3,600 per sq.ft in 2023, and finally, it reached Rs 3,900 per sq.ft in 2024, marking an 8% increase from the previous year.

Overall, the guideline value has increased by 668% from 2002 to 2024. The changes between the revisions include a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a remarkable 260% increase from 2007 to 2012, a 79% increase from 2003 to 2007, and a 10% increase from 2002 to 2003. There are no figures available for any other years for this street.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 7,100 per sq.ft, placing Thiru Sadaiyamman Koil street's 2024 figure below this median.

• Thiru Narayana Avenue: Rs 8,300 per sq.ft (2024)
• Thiruveedhi amman koil street: Rs 4,900 per sq.ft (2024)
• Thiruvengadam Lane: Rs 4,400 per sq.ft (2024)
• Thiruvengadam street: Rs 7,100 per sq.ft (2024)
• Thiyagappa Mudali 1st lane: Rs 7,100 per sq.ft (2024)
• Thiyagappa Mudali 2nd lane: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru Sadaiyamman Koil street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty is charged at 7%, amounting to Rs 2,73,000, while the registration fee at 2% is Rs 78,000. Together, the total cost for stamp duty and registration fee would be Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiru Sadaiyamman Koil street?

The Sub Registrar Office that covers Thiru Sadaiyamman Koil street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Egmore. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer registers a property, the guideline value is considered to ensure that the correct fees are applied based on the property's value. This helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Thiru Sadaiyamman Koil street?

The current guideline value of Thiru Sadaiyamman Koil street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 508 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 668% over the years.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property at the current rate, the total stamp duty and registration fee would be Rs 3,51,000.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Thiru Sadaiyamman Koil street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the median guideline value for streets in Egmore?

The median guideline value for the 465 streets in Egmore under the Periamet SRO is Rs 7,100 per sq.ft, which is higher than the guideline value of Thiru Sadaiyamman Koil street.