Guideline Value for SAKTHI SAIRAM 3RD CROSS STREET

Sakthi Sairam 3rd Cross Street guideline value

The current guideline value of Sakthi Sairam 3rd Cross Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Sakthi Sairam 3rd Cross Street has changed

The guideline value for Sakthi Sairam 3rd Cross Street has undergone several revisions over the years. In 2012, the value was Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the value significantly increased to Rs 1,200 per sq.ft in 2023, and further rose by 10% to Rs 1,320 per sq.ft in the 2024 revision.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value increased by 10%. The revisions for the years 2002, 2003, and 2007 have no figures listed for this street.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 770 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 1,660 per sq.ft, making the 2024 figure for Sakthi Sairam 3rd Cross Street below the median.

• Sakthi Sairam 2nd Street: Rs 1,320 per sq.ft (2024)
• Sakthi Sairam 2nd Cross Street: Rs 1,320 per sq.ft (2024)
• Sakthi Sairam 1st Street: Rs 1,660 per sq.ft (2024)
• Sakthi Sairam 1st Cross Street: Rs 1,660 per sq.ft (2024)
• Sakthi Nagar Main Road: Rs 1,320 per sq.ft (2024)
• Sakthi Nagar 3rd Cross Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Sairam 3rd 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, making the total charges Rs 1,18,800. It is important to note that the 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 Sakthi Sairam 3rd Cross Street?

The Sub Registrar Office covering Sakthi Sairam 3rd Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vanagaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property transaction occurs, the buyer and seller must consider the guideline value to calculate the applicable stamp duty and registration fees. This ensures transparency and fairness in property transactions, as the guideline value reflects the prevailing rates in the area.

Frequently asked questions

What is the current guideline value of Sakthi Sairam 3rd Cross Street?

The current guideline value of Sakthi Sairam 3rd 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 changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Sakthi Sairam 3rd Cross Street?

The land classification for Sakthi Sairam 3rd Cross Street is Residential Class IV Type - II.

Which Sub Registrar Office should I visit for transactions in this area?

The Chennai South Joint I Sub Registrar Office covers transactions for Sakthi Sairam 3rd Cross Street. It is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

Where does Sakthi Sairam 3rd Cross Street stand compared to other streets in Vanagaram?

The guideline value of Rs 1,320 per sq.ft for Sakthi Sairam 3rd Cross Street is below the median value of Rs 1,660 per sq.ft for the 287 streets in Vanagaram under the Chennai South Joint I SRO.