Guideline Value for sakradish street

Sakradish Street guideline value

The current guideline value of Sakradish Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Sakradish Street has changed

The guideline value for Sakradish Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017. The subsequent revision in 2023 saw an increase to Rs 2,500 per sq.ft, and the most recent revision in 2024 has further raised it to Rs 2,750 per sq.ft. There are no figures available for the years 2002, 2003, and 2007.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. From 2017 to 2023, the increase was significant at 49%. However, there was a decrease of 33% from 2012 to 2017. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 1,650 per sq.ft, positioning Sakradish Street above this median.

• Sakkarapani Street,Gomathi Street: Rs 2,750 per sq.ft (2024)
• Sakkarapani Street: Rs 1,650 per sq.ft (2024)
• Sairam Street: Rs 1,650 per sq.ft (2024)
• SalaioraVasikal St: Rs 1,650 per sq.ft (2024)
• Sai Nagar Extension1&3: Rs 2,750 per sq.ft (2024)
• Sai Enclave: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Sakradish Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sakradish Street?

The Sub Registrar Office that covers Sakradish Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Chitlapakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the costs involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Sakradish Street?

The current guideline value of Sakradish Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification for Sakradish Street?

Sakradish Street is classified as Residential Class I Type - II.

Where can I find more information about other streets in Chitlapakkam?

Information about other streets in Chitlapakkam can be found in the guideline value register, which includes various streets and their respective guideline values.

What is the stamp duty for property transactions in Sakradish Street?

The stamp duty for property transactions in Sakradish Street is calculated at 7% of the guideline value or the sale price, whichever is higher.