Guideline Value for Rail 4th Cross Street

Rail 4th Cross Street guideline value

The current guideline value of Rail 4th 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 4th Cross Street has changed

The guideline value for Rail 4th Cross Street has seen several revisions over the years. In 2007, the value was set at Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, this figure decreased to Rs 804 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 1,200 per sq.ft, and the most recent revision in 2024 has further increased it to Rs 1,320 per sq.ft. Notably, the register has no figures for this street for the years 2002 and 2003.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. The value doubled from Rs 600 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, marking a 100% increase. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for Rail 4th Cross Street is below this median.

• Rail 3rd Cross Street: Rs 1,320 per sq.ft (2024)
• Rail 2nd Cross Street: Rs 1,320 per sq.ft (2024)
• Rail Nagar: Rs 1,320 per sq.ft (2024)
• Rail 1st Cross Street: 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 4th 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 cost for these fees 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.

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

Which Sub Registrar Office covers Rail 4th Cross Street?

The Sub Registrar Office that covers Rail 4th 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 used as a benchmark for property transactions in Kadaperi. It determines the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is crucial to understand that the final sale price may be higher than the guideline value, and the duty will be charged on the higher amount.

Frequently asked questions

What is the current guideline value of Rail 4th Cross Street?

The current guideline value of Rail 4th 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 changed from Rs 600 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

What are the stamp duty and registration fees for property in Rail 4th Cross Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which Sub Registrar Office covers Rail 4th Cross Street?

The Tambaram Joint 1 Sub Registrar Office covers Rail 4th Cross Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Rail 4th Cross Street?

The land classification for Rail 4th Cross Street is Residential Class I Type - III, indicating its suitability for residential development.