Guideline Value for Electricity Sub Station Street

Electricity Sub Station Street guideline value

The current guideline value of Electricity Sub Station Street in Kadaperi village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Electricity Sub Station Street has changed

The guideline value for Electricity Sub Station Street has undergone several revisions over the years. The earliest recorded value is from 2007, at Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, it then decreased to Rs 804 per sq.ft in 2017. The value saw a significant rise to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,320 per sq.ft as of the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 represents a 10% increase. Overall, from 2007 to 2024, the guideline value has seen a total increase of 120%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 7,700 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, placing Electricity Sub Station Street's current value below that median.

• Erikarai 1st Street: Rs 1,650 per sq.ft (2024)
• Erikarai 2nd Street: Rs 1,650 per sq.ft (2024)
• Erikarai 3rd Street: Rs 1,650 per sq.ft (2024)
• Erikarai 4th Street: Rs 1,650 per sq.ft (2024)
• Erikarai 5th Street: Rs 1,650 per sq.ft (2024)
• Erikarai 6th Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Electricity Sub Station Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for stamp duty and registration fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Electricity Sub Station Street?

The Electricity Sub Station Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, within the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Kadaperi. It serves as a benchmark for determining the minimum price at which property transactions can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Electricity Sub Station Street?

The current guideline value of Electricity Sub Station Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 600 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, representing an overall increase of 120% over the years.

What are the stamp duty and registration fees for properties on this street?

For a property valued at the current guideline value of Rs 13,20,000, the stamp duty is Rs 92,400 and the registration fee is Rs 26,400, totaling Rs 1,18,800.

Which registration office should I visit for transactions on Electricity Sub Station Street?

The Tambaram Joint 1 Sub Registrar Office is responsible for transactions on Electricity Sub Station Street. It is located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the significance of the guideline value in property transactions?

The guideline value is used as a benchmark for property transactions, determining the minimum price for registration and calculating stamp duty and registration fees. It ensures transparency and compliance with local regulations during property sales.