Guideline Value for East Cabin Road

East Cabin Road guideline value

The current guideline value of East Cabin Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Satthankadu village, under the Thiruvottiyur SRO, and is classified as Commercial Class I Type - III.

How the guideline value of East Cabin Road has changed

The guideline value for East Cabin Road has seen significant changes over the years. In 2002, the value was Rs 117 per sq.ft, which increased to Rs 136 per sq.ft in 2003. Following this, the value rose dramatically to Rs 500 per sq.ft in 2007, marking a 268% increase. The subsequent revision in 2012 saw the value drop to Rs 2,000 per sq.ft, a decrease of 300%. The value then fluctuated, reaching Rs 1,340 per sq.ft in 2017, which was a 49% increase from the previous figure. The most recent revision in 2023 set the value at Rs 2,000 per sq.ft, before it increased to Rs 2,200 per sq.ft in 2024, reflecting a 10% rise.

There are no figures available for East Cabin Road for the revisions in years other than those mentioned. Overall, from 2002 to 2024, the guideline value has increased by 1780%.

Guideline values in Satthankadu

In Satthankadu, there are 71 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,400 per sq.ft. The guideline value for East Cabin Road is below this median.

• East Railway Pattai: Rs 2,200 per sq.ft (2024)
• Eluthukkaran Street: Rs 3,400 per sq.ft (2024)
• Ennur High Road: Rs 3,400 per sq.ft (2024)
• Gandhi Nagar Street/Main Road: Rs 3,400 per sq.ft (2024)
• Damodaran Street: Rs 3,400 per sq.ft (2024)
• Colony Street: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in East Cabin Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total charges to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers East Cabin Road?

The Sub Registrar Office that covers East Cabin Road is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Satthankadu. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

Frequently asked questions

What is the current guideline value of East Cabin Road?

The current guideline value of East Cabin Road 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 from Rs 117 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1780% over the years.

What is the land classification of East Cabin Road?

East Cabin Road is classified as Commercial Class I Type - III.

What are the stamp duty rates for property transactions?

The stamp duty rate is 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find the Sub Registrar Office for East Cabin Road?

The Sub Registrar Office for East Cabin Road is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.