Guideline Value for SMALL ST

Small St guideline value

The current guideline value of Small St in Srikaligapuram village, under the Ramakrishna Rajupettai SRO, is Rs 150 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Small St has changed

The guideline value for Small St has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 40 per sq.ft. This increased to Rs 75 per sq.ft in 2012, marking a rise of 88%. However, the value then decreased to Rs 50 per sq.ft in 2017, a drop of 33%. The most significant change occurred from 2017 to 2023, where the value surged to Rs 150 per sq.ft, reflecting a 200% increase. The same figure has been maintained in the 2024 revision.

There are no figures available for Small St in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 275%.

Guideline values in Srikaligapuram

In Srikaligapuram, there are 17 streets under the Ramakrishna Rajupettai SRO that carry a guideline value of Rs 150 per sq.ft as of 2024, with the median also being Rs 150 per sq.ft. This means that Small St's 2024 figure is equal to the median for the village.

• Solingar Raod St: Rs 150 per sq.ft (2024)
• Santhu St: Rs 150 per sq.ft (2024)
• Tank St: Rs 150 per sq.ft (2024)
• Road St: Rs 150 per sq.ft (2024)
• Ramar Kovil St: Rs 150 per sq.ft (2024)
• Thiruvalluvar St: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Small St

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total cost for these fees Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Small St?

The Sub Registrar Office that covers Small St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Srikaligapuram. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the fees are based on a standardized value set by the government.

Frequently asked questions

What is the current guideline value of Small St?

The current guideline value of Small St is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 40 per sq.ft in 2007 to Rs 150 per sq.ft in 2024, marking an overall increase of 275% over the years.

Which Sub Registrar Office covers Small St?

The Ramakrishna Rajupettai Sub Registrar Office covers Small St, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

What are the stamp duty and registration fees for property in Small St?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 10,500, and the registration fee is Rs 3,000, totaling Rs 13,500.

Are there other streets with the same guideline value in Srikaligapuram?

Yes, there are several other streets in Srikaligapuram that also have a guideline value of Rs 150 per sq.ft as of 2024, including Solingar Raod St, Santhu St, and Tank St, among others.