Guideline Value for S.R.B.NAGAR 4th STREET

S.R.B.NAGAR 4th STREET guideline value

The current guideline value of S.R.B.NAGAR 4th STREET is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Korattur village, under the Villivakkam SRO, and is classified as Residential Special Type - III.

How the guideline value of S.R.B.NAGAR 4th STREET has changed

Over the years, the guideline value for S.R.B.NAGAR 4th STREET has seen several revisions. The 2007 revision set the value at Rs 600 per sq.ft. This figure dramatically increased to Rs 3,000 per sq.ft in the 2012 revision, marking a significant change of +400%. The guideline value remained unchanged at Rs 3,000 per sq.ft until the 2023 revision, which raised it to Rs 3,300 per sq.ft, reflecting a +10% increase. The current 2024 revision maintains this value at Rs 3,300 per sq.ft.

It is important to note that the register has no figures for S.R.B.NAGAR 4th STREET for the years 2002, 2003, and 2017. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +450%.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with guideline values in 2024 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, placing S.R.B.NAGAR 4th STREET above this median at Rs 3,300 per sq.ft.

• S.R.B.NAGAR 3rd STREET: Rs 3,300 per sq.ft (2024)
• S.R.B.NAGAR 5th 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 6th 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 7th STREET: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in S.R.B.NAGAR 4th STREET

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

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

Which Sub Registrar Office covers S.R.B.NAGAR 4th STREET?

The S.R.B.NAGAR 4th STREET falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Korattur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the guideline value is assessed to ensure that the transaction is in line with the official rates set by the registration department. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of S.R.B.NAGAR 4th STREET?

The current guideline value of S.R.B.NAGAR 4th 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 increased from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of +450%.

What are the stamp duty and registration fees for properties in S.R.B.NAGAR 4th STREET?

For a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000. The stamp duty is Rs 2,31,000, and the registration fee is Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers this street?

The Villivakkam Sub Registrar Office covers S.R.B.NAGAR 4th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of S.R.B.NAGAR 4th STREET?

S.R.B.NAGAR 4th STREET is classified as Residential Special Type - III, indicating its designated use for residential purposes.