Guideline Value for S.R.B.NAGAR 10th STREET

S.R.B.NAGAR 10th STREET guideline value

The current guideline value of S.R.B.NAGAR 10th STREET is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Korattur village and falls under the Villivakkam SRO, classified as Residential Special Type - III.

How the guideline value of S.R.B.NAGAR 10th STREET has changed

Over the years, the guideline value for S.R.B.NAGAR 10th STREET has experienced significant changes. The earliest recorded value in 2007 was Rs 600 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012. This marked a substantial rise of 400%. The value remained unchanged at Rs 3,000 per sq.ft until the 2023 revision, which set it at Rs 3,300 per sq.ft, reflecting a 10% increase.

From 2007 to 2024, the overall increase in guideline value is 450%. The 2024 revision has established the current rate at Rs 3,300 per sq.ft. Notably, there are no figures available for the revisions in 2017, 2003, and 2002 for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value for these streets is Rs 2,500 per sq.ft, and S.R.B.NAGAR 10th STREET's 2024 figure is above this median.

• S.R.B.NAGAR 11th STREET: Rs 3,300 per sq.ft (2024)
• S.R.B.NAGAR 12th STREET: Rs 3,300 per sq.ft (2024)
• S.R.B.NAGAR 1st STREET: Rs 3,300 per sq.ft (2024)
• S.R.B.NAGAR 2nd STREET: Rs 3,300 per sq.ft (2024)
• S.R.B.NAGAR 3rd STREET: Rs 3,300 per sq.ft (2024)
• S.R.B.NAGAR 4th STREET: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in S.R.B.NAGAR 10th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers S.R.B.NAGAR 10th STREET?

The S.R.B.NAGAR 10th STREET falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Korattur. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value serves as a benchmark for calculating the applicable duties. This ensures that all transactions are conducted fairly and transparently, reflecting the official value set by the Registration Department.

Frequently asked questions

What is the current guideline value of S.R.B.NAGAR 10th STREET?

The current guideline value of S.R.B.NAGAR 10th STREET is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 450% over the years.

Which Sub Registrar Office covers the S.R.B.NAGAR area?

The Villivakkam Sub Registrar Office covers the S.R.B.NAGAR area, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for properties in S.R.B.NAGAR 10th STREET?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

What is the land classification for S.R.B.NAGAR 10th STREET?

S.R.B.NAGAR 10th STREET is classified as Residential Special Type - III, which is important for understanding its usage and development potential.