Guideline Value for S.R.B.NAGAR 9th STREET

S.R.B.NAGAR 9th STREET guideline value

The current guideline value of S.R.B.NAGAR 9th 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 9th STREET has changed

Starting from the 2007 revision, the guideline value was Rs 600 per sq.ft. This figure saw a significant increase to Rs 3,000 per sq.ft in the 2012 revision, marking a change of +400%. The value remained unchanged at Rs 3,000 per sq.ft until the 2023 revision, when it was updated to Rs 3,300 per sq.ft, reflecting a +10% increase. The current guideline value of Rs 3,300 per sq.ft will be effective from 1 July 2024.

There are no figures available for the revisions in 2017, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by +450%.

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 value for these streets is Rs 2,500 per sq.ft, placing S.R.B.NAGAR 9th STREET's 2024 figure above the median.

• S.R.B.NAGAR 8th 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 6th 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 4th STREET: Rs 3,300 per sq.ft (2024)
• S.R.B.NAGAR 3rd STREET: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in S.R.B.NAGAR 9th STREET

For a 1,000 sq.ft plot at the current rate, the 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers S.R.B.NAGAR 9th STREET?

S.R.B.NAGAR 9th STREET falls under 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 information.

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, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the sale or purchase of property.

When you buy or sell a property, the guideline value helps ensure that the transaction is recorded accurately and fairly. It serves as a benchmark for assessing property value, ensuring that both buyers and sellers are aware of the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of S.R.B.NAGAR 9th STREET?

The current guideline value of S.R.B.NAGAR 9th 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, representing an overall increase of +450% over the years.

What are the stamp duty and registration fees for property in S.R.B.NAGAR 9th STREET?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,97,000, calculated based on the current guideline value of Rs 33,00,000.

Which Sub Registrar Office covers S.R.B.NAGAR 9th STREET?

The Villivakkam Sub Registrar Office covers S.R.B.NAGAR 9th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the minimum registration value for properties, impacting the stamp duty and registration fees during transactions. It ensures that property values are assessed fairly and accurately.