Guideline Value for IMMANUVEL 1ST CROSS STREET

Immanuvel 1st Cross Street guideline value

The current guideline value of Immanuvel 1st Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Immanuvel 1st Cross Street has changed

In the 2012 revision, the guideline value for Immanuvel 1st Cross Street was Rs 1,500 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The register has no figures for the revisions in 2002, 2003, 2007, and 2017 for this street.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value of Immanuvel 1st Cross Street.

• Immanuel Street: Rs 1,650 per sq.ft (2024)
• Immanuvel 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Immanuvel Cross Street: Rs 1,320 per sq.ft (2024)
• Immanuvel Main Road: Rs 1,320 per sq.ft (2024)
• Ilango Adigal Street / Periyar Nagar: Rs 2,200 per sq.ft (2024)
• Ilango Adigal Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Immanuvel 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. Please note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Immanuvel 1st Cross Street?

The Sub Registrar Office that covers Immanuvel 1st Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration of property transactions in Pallikaranai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the applicable duties and fees. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which ensures that the registration reflects a fair value for the property.

Frequently asked questions

What is the current guideline value of Immanuvel 1st Cross Street?

The current guideline value of Immanuvel 1st Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2012 revision to the 2024 revision, the guideline value increased from Rs 1,500 per sq.ft to Rs 1,650 per sq.ft, marking a 10% increase. The 2023 revision saw a 10% increase from the previous year.

What is the land classification for Immanuvel 1st Cross Street?

The land classification for Immanuvel 1st Cross Street is Residential Class IV Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Immanuvel 1st Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,50,000, the stamp duty at 7% would be Rs 1,15,500.