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Guideline Value

Corporate

Guideline Value for SRI KUMARAN 3RD CROSS STREET

₹2800/sq.ft.

The guideline value for Sri Kumaran 3rd Cross Street in Seevaram village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Seevaram

Village

Neelankarai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Kumaran 3rd Cross Street

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Sri Kumaran 3rd Cross Street guideline value

The current guideline value of Sri Kumaran 3rd Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Seevaram village, under the Neelankarai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Kumaran 3rd Cross Street has changed

The guideline value for Sri Kumaran 3rd Cross Street has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 750 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 233% rise. However, it then decreased to Rs 1,675 per sq.ft in 2017, reflecting a 33% drop. The value saw a substantial increase of 49% to Rs 2,500 per sq.ft in 2023, before reaching the current rate of Rs 2,800 per sq.ft in the 2024 revision, a 12% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 273%.

Guideline values in Seevaram

In Seevaram, there are 84 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,300 per sq.ft. The median guideline value for these streets is Rs 2,800 per sq.ft, which is the same as the current value for Sri Kumaran 3rd Cross Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees to Rs 2,52,000. 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 more detailed calculations.

Which Sub Registrar Office covers Sri Kumaran 3rd Cross Street?

The Sub Registrar Office that covers Sri Kumaran 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 Seevaram

The guideline value is a crucial factor when registering property in Seevaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with the registration requirements.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately. This process helps maintain transparency and legality in property transactions within the region.

Frequently asked questions

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

The current guideline value of Sri Kumaran 3rd Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 750 per sq.ft in 2007, Rs 2,500 per sq.ft in 2012, Rs 1,675 per sq.ft in 2017, Rs 2,500 per sq.ft in 2023, and Rs 2,800 per sq.ft in 2024.

What is the land classification for Sri Kumaran 3rd Cross Street?

Sri Kumaran 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 property valued at Rs 28,00,000, the stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000.

Which office handles registrations for Sri Kumaran 3rd Cross Street?

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