Guideline Value for Cross Street

Cross Street guideline value

The current guideline value of Cross Street in Sengadu village is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Cross Street has changed

The guideline value for Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 150 per sq.ft. The 2017 revision had a lower value of Rs 100 per sq.ft, marking a 33% decrease from the 2012 figure. Between 2017 and 2023, there was a significant increase of 50%, bringing it back to Rs 150 per sq.ft.

From the 2023 revision to the 2024 revision, there was no change, maintaining the value at Rs 150 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sengadu

In Sengadu, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 101 to Rs 500 per sq.ft. The median value for these streets is Rs 150 per sq.ft, which is the same as the guideline value for Cross Street.

• Colony Cross Street: Rs 101 per sq.ft (2024)
• Dharani Grand: Rs 500 per sq.ft (2024)
• Cement Salai Street: Rs 150 per sq.ft (2024)
• Bajanai Koil Street: Rs 150 per sq.ft (2024)
• G.K.R Nagar: Rs 150 per sq.ft (2024)
• Green Valley: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cross Street?

The Sub Registrar Office that covers Cross Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Sengadu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Cross Street?

The current guideline value of Cross Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Cross Street has seen several revisions, with the most recent being Rs 150 per sq.ft since 2023. The value was Rs 100 per sq.ft in 2017 and Rs 150 per sq.ft in 2012.

What is the land classification for Cross Street?

Cross Street is classified as Residential Class II Type - I under the Sriperumpudur SRO.

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

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500.

Which office handles the registration for Cross Street?

The Sriperumpudur Sub Registrar Office handles the registration for Cross Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.