Guideline Value for POST OFFICE ST

Post Office St guideline value

The current guideline value of Post Office St in Srikaligapuram village is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Ramakrishna Rajupettai SRO and is classified as Residential Class I Type - I.

How the guideline value of Post Office St has changed

Over the years, the guideline value of Post Office St has seen several revisions. The earliest recorded revision in 2007 set the value at Rs 40 per sq.ft, which increased to Rs 75 per sq.ft in 2012. However, it then decreased to Rs 50 per sq.ft in 2017. The most significant change occurred between 2017 and 2023 when the value surged to Rs 150 per sq.ft, reflecting a 200% increase. The 2024 revision maintained this value at Rs 150 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 275%.

Guideline values in Srikaligapuram

In Srikaligapuram, there are 17 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value, all set at Rs 150 per sq.ft, with the median also being Rs 150 per sq.ft. Post Office St's 2024 figure is equal to this median.

• Ramar Kovil St: Rs 150 per sq.ft (2024)
• Road St: Rs 150 per sq.ft (2024)
• Nehru St: Rs 150 per sq.ft (2024)
• Santhu St: Rs 150 per sq.ft (2024)
• Small St: Rs 150 per sq.ft (2024)
• Solingar Raod St: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Post Office St

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. 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 Post Office St?

The Sub Registrar Office that covers Post Office St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Srikaligapuram. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Post Office St?

The current guideline value of Post Office St is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2007 to Rs 150 per sq.ft in 2024, marking an overall increase of 275% from 2007 to 2024.

What are the stamp duty and registration fees for property in Post Office St?

For a 1,000 sq.ft plot, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500 based on the guideline value of Rs 1,50,000.

Which office handles the registration for Post Office St?

The Ramakrishna Rajupettai Sub Registrar Office handles the registration for Post Office St, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher amount is used to determine the fees payable at registration.