Guideline Value for SAKTHI SRINIVASAN 4TH CROSS STREET

Sakthi Srinivasan 4th Cross Street guideline value

The current guideline value of Sakthi Srinivasan 4th Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village and falls under the Neelankarai SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Sakthi Srinivasan 4th Cross Street has changed

The guideline value for Sakthi Srinivasan 4th Cross Street has seen several revisions over the years. The register shows that the value was Rs 3,500 per sq.ft in 2023, which increased to Rs 3,900 per sq.ft in 2024, marking an increase of 11%. Prior to that, in 2017, the value was Rs 2,345 per sq.ft, indicating a significant increase of 49% to reach the 2023 figure. The 2012 revision had no figure for this street, but it was noted that the value was Rs 3,500 per sq.ft in 2012, which then decreased by 33% to Rs 2,345 per sq.ft in 2017.

Overall, from 2012 to 2024, the guideline value has increased by 11%. The revisions for the years 2002, 2003, and 2007 have no figures available for this street in the register.

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 value for these streets is Rs 3,300 per sq.ft, placing Sakthi Srinivasan 4th Cross Street's 2024 guideline value above that median.

• Sakthi Srinivasan 3rd Cross Street: Rs 3,900 per sq.ft (2024)
• Sakthi Srinivasan 5th Cross Street: Rs 3,900 per sq.ft (2024)
• Sakthi Srinivasan 2nd Cross Street: Rs 3,900 per sq.ft (2024)
• Sakthi Srinivasan 6th Cross Street: Rs 3,900 per sq.ft (2024)
• Sakthi Srinivasan 1st 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 4th 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sakthi Srinivasan 4th Cross Street?

The Sakthi Srinivasan 4th Cross Street is covered by 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 plays a crucial role during the registration of property transactions in Okkiyamthuraipakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When a buyer is looking to purchase property in this area, understanding the guideline value is essential for budgeting the total costs involved in the transaction. It ensures that both parties are aware of the legal and financial implications of the sale.

Frequently asked questions

What is the current guideline value of Sakthi Srinivasan 4th Cross Street?

The current guideline value of Sakthi Srinivasan 4th 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 changed from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Sakthi Srinivasan 4th Cross Street is 7%. This is applied to the higher of the guideline value or the sale price.

Which Sub Registrar Office handles registrations for this street?

The Neelankarai Sub Registrar Office covers Sakthi Srinivasan 4th Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification for Sakthi Srinivasan 4th Cross Street?

The land classification for Sakthi Srinivasan 4th Cross Street is Residential Class I Type - II.