Guideline Value for SAKTHI SRINIVASAN 5TH CROSS STREET

Sakthi Srinivasan 5th Cross Street guideline value

The current guideline value of Sakthi Srinivasan 5th 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, classified as Residential Class I Type - II.

How the guideline value of Sakthi Srinivasan 5th Cross Street has changed

The guideline value for Sakthi Srinivasan 5th Cross Street has seen several revisions over the years. The earliest available figure is from 2012, where the guideline value was Rs 3,500 per sq.ft. This was followed by a decrease to Rs 2,345 per sq.ft in 2017. Subsequently, the value increased to Rs 3,500 per sq.ft in 2023, and finally, it rose to Rs 3,900 per sq.ft in 2024, marking an increase of 11% from the previous year.

Between 2012 and 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam village, there are 453 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 3,300 per sq.ft, making the guideline value of Sakthi Srinivasan 5th Cross Street above this median.

• Sakthi Srinivasan 4th Cross Street: Rs 3,900 per sq.ft (2024)
• Sakthi Srinivasan 6th Cross Street: Rs 3,900 per sq.ft (2024)
• Sakthi Srinivasan 3rd Cross Street: Rs 3,900 per sq.ft (2024)
• Sakthi Srinivasan 7th Cross Street: Rs 3,900 per sq.ft (2024)
• Sakthi Srinivasan Salai: Rs 4,400 per sq.ft (2024)
• Sakthi Srinivasan 2nd Cross Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Srinivasan 5th 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 amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Sakthi Srinivasan 5th Cross Street?

The Sub Registrar Office that covers Sakthi Srinivasan 5th Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai. You can find your SRO for more details.

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

When buying or selling property in Okkiyamthuraipakkam, the guideline value is a crucial factor during the registration process. It determines the stamp duty and registration fees applicable to the transaction, ensuring that both parties adhere to the legal requirements set by the Registration Department.

The guideline value acts as a benchmark for property transactions, ensuring that the sale price is in line with the government's valuation. Buyers and sellers should be aware of this value to avoid any discrepancies during the registration of their property.

Frequently asked questions

What is the current guideline value of Sakthi Srinivasan 5th Cross Street?

The current guideline value of Sakthi Srinivasan 5th 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 2012 to Rs 2,345 per sq.ft in 2017, then to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in 2024.

What is the stamp duty for property in Sakthi Srinivasan 5th Cross Street?

The stamp duty for property in Sakthi Srinivasan 5th Cross Street is calculated at 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Sakthi Srinivasan 5th Cross Street?

The Neelankarai Sub Registrar Office handles registrations for Sakthi Srinivasan 5th Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

What is the median guideline value in Okkiyamthuraipakkam?

The median guideline value in Okkiyamthuraipakkam is Rs 3,300 per sq.ft, with Sakthi Srinivasan 5th Cross Street's value being above this median.