Guideline Value for SAKTHI SRINIVASAN 3RD CROSS STREET

Sakthi Srinivasan 3rd Cross Street guideline value

The current guideline value of Sakthi Srinivasan 3rd Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village, under the Neelankarai SRO, and is classified as Residential Class I Type - II.

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

In the 2012 revision, the guideline value was set at Rs 3,500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 2,345 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 3,500 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 3,900 per sq.ft, marking an 11% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in the village is Rs 3,300 per sq.ft, making the 2024 figure for Sakthi Srinivasan 3rd Cross Street above this median.

• Sakthi Srinivasan 2nd Cross Street: Rs 3,900 per sq.ft (2024)
• Sakthi Srinivasan 4th Cross Street: Rs 3,900 per sq.ft (2024)
• Sakthi Srinivasan 1st Cross Street: Rs 3,900 per sq.ft (2024)
• Sakthi Srinivasan 5th Cross Street: Rs 3,900 per sq.ft (2024)
• Sakthi Srinivasan 6th Cross Street: Rs 3,900 per sq.ft (2024)
• Sakthi Srinivasan 7th Cross Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Srinivasan 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees together to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sakthi Srinivasan 3rd Cross Street?

The Sub Registrar Office that covers Sakthi Srinivasan 3rd Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Okkiyamthuraipakkam. It serves as the minimum value at which a property can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Sakthi Srinivasan 3rd Cross Street?

The current guideline value for Sakthi Srinivasan 3rd Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then rising to Rs 3,500 per sq.ft in 2023, and finally reaching Rs 3,900 per sq.ft in 2024.

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

Sakthi Srinivasan 3rd Cross Street is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000, and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which office handles registrations for this area?

The Neelankarai Sub Registrar Office handles registrations for Sakthi Srinivasan 3rd Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.