Guideline Value for Rail 3rd Cross Street

Rail 3rd Cross Street guideline value

The current guideline value of Rail 3rd Cross Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Rail 3rd Cross Street has changed

The guideline value for Rail 3rd Cross Street has undergone several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 600 per sq.ft. This increased to Rs 1,200 per sq.ft in 2012, marking a significant rise of 100%. However, the value then decreased to Rs 804 per sq.ft in 2017, a drop of 33%. The 2023 revision saw the value rise to Rs 1,200 per sq.ft, and the most recent revision in 2024 has set the value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Notably, there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Kadaperi

Kadaperi village has a total of 142 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 7,700 per sq.ft as of 2024. The median guideline value in this area is Rs 1,650 per sq.ft, which means that the guideline value of Rail 3rd Cross Street is below this median.

• Rail 2nd Cross Street: Rs 1,320 per sq.ft (2024)
• Rail 4th Cross Street: Rs 1,320 per sq.ft (2024)
• Rail 1st Cross Street: Rs 1,320 per sq.ft (2024)
• Rail Nagar: Rs 1,320 per sq.ft (2024)
• Raja Gopal Ayyangar Street: Rs 1,320 per sq.ft (2024)
• Rajagopal Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Rail 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rail 3rd Cross Street?

The Sub Registrar Office that covers Rail 3rd Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kadaperi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value according to government standards.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rail 3rd Cross Street?

The current guideline value of Rail 3rd Cross Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen multiple revisions, increasing from Rs 600 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, which is a total increase of 120% over this period.

What is the land classification for Rail 3rd Cross Street?

Rail 3rd Cross Street is classified as Residential Class I Type - III, indicating its use for residential purposes.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Where is the Sub Registrar Office for Rail 3rd Cross Street located?

The Sub Registrar Office for Rail 3rd Cross Street is located at No.26, Mes Road, East Tambaram, Chennai-600059.