Guideline Value for Plot Street

Plot Street guideline value

The current guideline value of Plot Street in Irunkattukottai_B village is Rs 400 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Plot Street has changed

The guideline value for Plot Street has remained constant at Rs 400 per sq.ft for both the 2023 and 2024 revisions. Prior to this, in the 2017 revision, the guideline value was Rs 268 per sq.ft. This indicates a significant increase of 49% from 2017 to 2023, and the same percentage increase from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Thus, the most recent revisions highlight a stable guideline value over the last two years, following a substantial rise since 2017.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft. The median value is Rs 400 per sq.ft, which is equal to the guideline value of Plot Street.

• Prasanthi Nagar: Rs 800 per sq.ft (2024)
• Periyar Street: Rs 600 per sq.ft (2024)
• Rajaji Street: Rs 400 per sq.ft (2024)
• Rajalaxmi Nagar: Rs 400 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 400 per sq.ft (2024)
• N.H.Salai: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Plot Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total cost Rs 36,000. 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 details.

Which Sub Registrar Office covers Plot Street?

The Sub Registrar Office that covers Plot Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Irunkattukottai_B. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline values to ensure compliance with registration requirements.

When registering a property, the guideline value is considered to ensure that the transaction reflects a fair valuation. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Plot Street?

The current guideline value of Plot Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 268 per sq.ft in 2017 to 2023, and the same percentage increase to 2024.

What are the other streets in Irunkattukottai_B?

Other streets in Irunkattukottai_B include Prasanthi Nagar, Periyar Street, Rajaji Street, Rajalaxmi Nagar, Rajiv Gandhi Street, and N.H.Salai, with varying guideline values.

What is the stamp duty for a property on Plot Street?

The stamp duty for a property on Plot Street is calculated at 7% of the guideline value. For a 1,000 sq.ft plot valued at Rs 4,00,000, the stamp duty would be Rs 28,000.

Where can I find the Sub Registrar Office for Plot Street?

The Sub Registrar Office for Plot Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.