Guideline Value for SHASTRI NAGAR 10TH STREET

Shastri Nagar 10th Street guideline value

The current guideline value of Shastri Nagar 10th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Shastri Nagar 10th Street has changed

The guideline value for Shastri Nagar 10th Street has seen several revisions over the years. In the 2007 revision, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in both the 2012 and 2023 revisions. The current revision in 2024 marks a further increase to Rs 2,200 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 340%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2017 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing the guideline value of Shastri Nagar 10th Street below this median.

• Shastri Nagar: Rs 2,200 per sq.ft (2024)
• Shastri Nagar 11th Street: Rs 2,200 per sq.ft (2024)
• Shastri Nagar 12th Street: Rs 2,200 per sq.ft (2024)
• Shastri Nagar 13th Street: Rs 2,200 per sq.ft (2024)
• Shastri Nagar 14th Street: Rs 2,200 per sq.ft (2024)
• Shastri Nagar 15th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Shastri Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shastri Nagar 10th Street?

The Sub Registrar Office that covers Shastri Nagar 10th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, it is essential to be aware of the current guideline value, as it can affect the overall cost of the transaction. Buyers and sellers should ensure they are informed about the latest revisions to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Shastri Nagar 10th Street?

The current guideline value of Shastri Nagar 10th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 340%.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Shastri Nagar 10th Street?

The Purasaivakkam Sub Registrar Office covers Shastri Nagar 10th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Shastri Nagar 10th Street?

The land classification for Shastri Nagar 10th Street is Residential Class IV Type - I.