Guideline Value for IMMANUVEL 2ND CROSS STREET

Immanuvel 2nd Cross Street guideline value

The current guideline value of Immanuvel 2nd Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Immanuvel 2nd Cross Street has changed

Looking at the revisions, the guideline value for Immanuvel 2nd Cross Street has remained at Rs 1,500 per sq.ft from the 2012 revision until the 2023 revision. In the 2024 revision, the value increased to Rs 1,650 per sq.ft, marking a 10% rise from the previous year.

From the 2012 revision to the 2024 revision, the overall increase is also 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street.

Guideline values in Pallikaranai

Pallikaranai has a total of 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, with rates 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, making the guideline value of Immanuvel 2nd Cross Street equal to this median.

• Immanuvel 1st Cross Street: Rs 1,650 per sq.ft (2024)
• Immanuvel Cross Street: Rs 1,320 per sq.ft (2024)
• Immanuel Street: Rs 1,650 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 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total 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, bringing the total cost together to Rs 1,48,500. It is important to note that the 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 2nd Cross Street?

The Sub Registrar Office that covers Immanuvel 2nd 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 plays a crucial role in the registration process when buying or selling property in Pallikaranai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Immanuvel 2nd Cross Street?

The current guideline value of Immanuvel 2nd Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft from 2012 to 2023, before increasing to Rs 1,650 per sq.ft in 2024. This represents a 10% increase from 2023 to 2024 and an overall increase of 10% from 2012 to 2024.

What are the other streets in Pallikaranai and their guideline values?

Other streets in Pallikaranai include Immanuvel 1st Cross Street and Immanuel Street, both valued at Rs 1,650 per sq.ft in 2024. Immanuvel Cross Street and Immanuvel Main Road are valued at Rs 1,320 per sq.ft, while Ilango Adigal Street and Ilango Adigal Street / Periyar Nagar are valued at Rs 2,200 per sq.ft.

What is the stamp duty rate for properties in Immanuvel 2nd Cross Street?

The stamp duty rate for properties in Immanuvel 2nd Cross Street is 7% of the guideline value or sale price, whichever is higher. This is in addition to a registration fee of 2%.

Where can I find the Sub Registrar Office for Immanuvel 2nd Cross Street?

The Sub Registrar Office for Immanuvel 2nd 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.