Guideline Value for WRITER SABAPATHY STREET WARD-4

Writer Sabapathy Street Ward-4 guideline value

The current guideline value for Writer Sabapathy Street Ward-4 is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village, under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Writer Sabapathy Street Ward-4 has changed

The guideline value for Writer Sabapathy Street Ward-4 has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 1,005 per sq.ft. The 2023 revision increased the value to Rs 1,500 per sq.ft, followed by a further increase of 10% in the 2024 revision, bringing it to Rs 1,650 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The 2024 guideline value for Writer Sabapathy Street Ward-4 is below this median.

• Ward No -4: Rs 1,650 per sq.ft (2024)
• V.P. Singh Nagar: Rs 1,100 per sq.ft (2024)
• V.O.C Street: Rs 3,850 per sq.ft (2024)
• Vip Nagar: Rs 2,200 per sq.ft (2024)
• Veerabathira Chetty Street- Ward-4: Rs 1,650 per sq.ft (2024)
• Vedhappar Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Writer Sabapathy Street Ward-4

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost for stamp duty and registration fees Rs 1,48,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Writer Sabapathy Street Ward-4?

The Writer Sabapathy Street Ward-4 falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chengalpattu Natham. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When a buyer or seller agrees on a sale price, the registration office will charge duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Writer Sabapathy Street Ward-4?

The current guideline value for Writer Sabapathy Street Ward-4 is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, with various revisions in between. The most significant change was a 49% increase from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023.

What is the land classification for Writer Sabapathy Street Ward-4?

The land classification for Writer Sabapathy Street Ward-4 is Residential Class I Type - I, indicating its suitability for residential development.

What are the registration fees for property transactions?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for this area?

The Chengleput Joint II Sub Registrar Office handles property registrations for Writer Sabapathy Street Ward-4. It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.