Guideline Value for P.W.D. Office Cross Street

P.W.D. Office Cross Street guideline value

The current guideline value of P.W.D. Office Cross Street in Naravarikuppam village is Rs 1,650 per sq.ft, effective from the 2024 revision. This street falls under the Redhills SRO and is classified as Residential Class II Type - I.

How the guideline value of P.W.D. Office Cross Street has changed

The guideline value for P.W.D. Office Cross Street has undergone several revisions over the years. The earliest recorded value is from 2007, which was Rs 400 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, marking a 275% rise. However, it saw a decrease to Rs 1,005 per sq.ft in 2017, a drop of 33%. The value then surged to Rs 1,500 per sq.ft in 2023, followed by another increase to Rs 1,650 per sq.ft in 2024, which is a 10% rise from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 313%.

Guideline values in Naravarikuppam

In Naravarikuppam, there are 112 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value is Rs 1,650 per sq.ft, which is the same as the guideline value for P.W.D. Office Cross Street.

• P.W.D. Office Street: Rs 1,650 per sq.ft (2024)
• Ragavalu Nayakkar Street: Rs 1,650 per sq.ft (2024)
• Raghavel Naicker Street Lane: Rs 1,650 per sq.ft (2024)
• Prakasam Street: Rs 1,320 per sq.ft (2024)
• Rajaji Street: Rs 3,300 per sq.ft (2024)
• Poonga Street: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in P.W.D. Office 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 be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total 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.

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

Which Sub Registrar Office covers P.W.D. Office Cross Street?

The P.W.D. Office Cross Street is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Naravarikuppam. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the property transfer process.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value for P.W.D. Office Cross Street?

The current guideline value for P.W.D. Office 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 changed from Rs 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 313% over the years.

What is the stamp duty for properties in P.W.D. Office Cross Street?

The stamp duty for properties in P.W.D. Office Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for P.W.D. Office Cross Street?

The Sub Registrar Office for P.W.D. Office Cross Street is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the other streets in Naravarikuppam with similar guideline values?

Other streets in Naravarikuppam with a guideline value of Rs 1,650 per sq.ft include P.W.D. Office Street, Ragavalu Nayakkar Street, and Raghavel Naicker Street Lane.