Guideline Value for SAKTHI SRINIVASAN 7TH CROSS STREET

Sakthi Srinivasan 7th Cross Street guideline value

The current guideline value of Sakthi Srinivasan 7th 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. The land classification for this area is Residential Class I Type - II.

How the guideline value of Sakthi Srinivasan 7th Cross Street has changed

In the 2012 revision, the guideline value was Rs 3,500 per sq.ft. This figure remained unchanged in the 2017 revision, where it was noted at Rs 2,345 per sq.ft, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,500 per sq.ft, marking a rise of 49%. The most recent revision in 2024 sees the guideline value at Rs 3,900 per sq.ft, which is an 11% increase 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 years 2002, 2003, and 2007 for this street.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO that have a 2024 guideline value 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, and the guideline value for Sakthi Srinivasan 7th Cross Street is above this median.

• Sakthi Srinivasan Salai: Rs 4,400 per sq.ft (2024)
• Sakthi Srinivasan 6th Cross Street: Rs 3,900 per sq.ft (2024)
• Sakthi Srinivasan 5th Cross Street: Rs 3,900 per sq.ft (2024)
• Sakthi Srinivasan 4th Cross Street: Rs 3,900 per sq.ft (2024)
• Sakthi Srinivasan 3rd Cross Street: Rs 3,900 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 7th 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 or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sakthi Srinivasan 7th Cross Street?

The Sub Registrar Office that covers Sakthi Srinivasan 7th 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. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Okkiyamthuraipakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

When buying or selling property, the guideline value helps in determining the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sakthi Srinivasan 7th Cross Street?

The current guideline value of Sakthi Srinivasan 7th 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 revisions, starting from Rs 3,500 per sq.ft in 2012, decreasing to Rs 2,345 per sq.ft in 2017, then increasing 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 7th Cross Street?

The land classification for Sakthi Srinivasan 7th Cross Street is Residential Class I Type - II.

What are the stamp duty and registration fees for a property in this area?

The stamp duty for a property valued at Rs 39,00,000 would be Rs 2,73,000, and the registration fee would be Rs 78,000, totaling Rs 3,51,000 for a 1,000 sq.ft plot.

Which Sub Registrar Office covers this street?

The Neelankarai Sub Registrar Office covers Sakthi Srinivasan 7th Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.