Guideline Value for ROAD ST

Road St guideline value

The current guideline value of Road 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 Road St has changed

Since the 2007 revision, the guideline value for Road St has seen a significant increase. In 2007, the value was Rs 40 per sq.ft, which rose to Rs 75 per sq.ft in 2012, marking an increase of 88%. However, it then decreased to Rs 50 per sq.ft in 2017, a reduction of 33%. From 2017 to 2023, the value surged to Rs 150 per sq.ft, reflecting a notable increase of 200%. The current value remains unchanged at Rs 150 per sq.ft from 2023 to 2024.

The register has no figure for Road St for the years 2002 and 2003. 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 ranging from Rs 150 to Rs 150 per sq.ft, with the median also being Rs 150 per sq.ft. Road St's 2024 figure is equal to this median.

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

Stamp duty and registration fee for property in Road St

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Road St?

The Sub Registrar Office that covers Road 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 crucial element in the registration process when buying or selling property in Srikaligapuram. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory during property transactions.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Road St?

The current guideline value of Road 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, reflecting an overall increase of 275% since 2007.

What is the land classification for Road St?

Road St is classified as Residential Class I Type - I under the Ramakrishna Rajupettai SRO.

Where can I find the Sub Registrar Office for Road St?

The Sub Registrar Office for Road St is located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

How is stamp duty calculated for properties on Road St?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at Rs 150 per sq.ft would incur a stamp duty of Rs 10,500.