Guideline Value for SINGARAVELAN 3RD CROSS STREET

Singaravelan 3rd Cross Street guideline value

The current guideline value of Singaravelan 3rd Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Neelankarai village, under the Neelankarai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Singaravelan 3rd Cross Street has changed

The guideline value for Singaravelan 3rd Cross Street has seen several revisions over the years. In 2012, the guideline value was Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in 2017. This marked a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 3,000 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

The register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 10,500 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, making the current value of Singaravelan 3rd Cross Street above the median.

• Singaravelan 3rd Street: Rs 3,300 per sq.ft (2024)
• Singaravelan 2nd Street: Rs 3,300 per sq.ft (2024)
• Singaravelan 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Singaravelan 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Singaravelan 1st Street: Rs 3,300 per sq.ft (2024)
• Singaravelan 5th Cross Street: Rs 3,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Singaravelan 3rd Cross Street?

The Sub Registrar Office that covers Singaravelan 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 Neelankarai

The guideline value is a crucial factor in the registration process when buying or selling property in Neelankarai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Singaravelan 3rd Cross Street?

The current guideline value of Singaravelan 3rd Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification of Singaravelan 3rd Cross Street?

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

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

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 33,00,000. The stamp duty at 7% is Rs 2,31,000, and the registration fee at 2% is Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Singaravelan 3rd Cross Street?

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