Guideline Value for S.R.B.NAGAR 5th STREET

S.R.B.NAGAR 5th STREET guideline value

The current guideline value of S.R.B.NAGAR 5th 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 5th STREET has changed

The guideline value for S.R.B.NAGAR 5th STREET has seen several revisions over the years. In the 2007 revision, the guideline value was Rs 600 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in the 2012 revision. This figure remained unchanged through the 2023 revision, but in the 2024 revision, it rose to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 450%. Notably, there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO with a 2024 guideline value 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 5th STREET's 2024 figure above this median.

• S.R.B.NAGAR 4th 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 3rd STREET: Rs 3,300 per sq.ft (2024)
• S.R.B.NAGAR 7th 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 8th STREET: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in S.R.B.NAGAR 5th 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, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers S.R.B.NAGAR 5th STREET?

The Sub Registrar Office that covers S.R.B.NAGAR 5th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Korattur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of S.R.B.NAGAR 5th STREET?

The current guideline value of S.R.B.NAGAR 5th 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 from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 450% over these years.

What is the registration office for S.R.B.NAGAR 5th STREET?

The registration office for S.R.B.NAGAR 5th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

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

For a property valued at Rs 33,00,000, the 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 5th STREET?

S.R.B.NAGAR 5th STREET is classified as Residential Special Type - III according to the local guidelines.