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Guideline Value

Corporate

Guideline Value for SRI KUMARAN 4TH CROSS STREET

₹2800/sq.ft.

The guideline value for Sri Kumaran 4th 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 4th Cross Street

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Sri Kumaran 4th Cross Street guideline value

The current guideline value of Sri Kumaran 4th 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, classified as Residential Class II Type - I.

How the guideline value of Sri Kumaran 4th Cross Street has changed

The guideline value for Sri Kumaran 4th Cross Street has undergone several revisions over the years. In 2007, the value was Rs 750 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a growth of 233%. However, between 2012 and 2017, the value decreased to Rs 1,675 per sq.ft, a decline of 33%. The value then rose to Rs 2,500 per sq.ft in 2023, reflecting a substantial increase of 49%. As of the 2024 revision, the guideline value is now Rs 2,800 per sq.ft, representing a 12% increase from the previous year.

It is important to note that the register does not have figures for the years 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 that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,300 per sq.ft, with a median value of Rs 2,800 per sq.ft. Sri Kumaran 4th Cross Street's 2024 figure aligns with this median.

Stamp duty and registration fee for property in Sri Kumaran 4th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value totals 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 to Rs 2,52,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Kumaran 4th Cross Street?

The Sub Registrar Office that covers Sri Kumaran 4th 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 during property registration in Seevaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value according to the local government standards.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. This ensures that both parties are aware of the financial obligations associated with the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Sri Kumaran 4th Cross Street?

The current guideline value of Sri Kumaran 4th 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 changed from Rs 750 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 273% over the years.

What is the registration office for Sri Kumaran 4th Cross Street?

The registration office for Sri Kumaran 4th 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.

How is stamp duty calculated for properties in Sri Kumaran 4th Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 at 7%.

What are the other streets in Seevaram with the same guideline value?

Other streets in Seevaram that share the same guideline value of Rs 2,800 per sq.ft include Sri Kumaran 1st, 2nd, 3rd, and 5th Cross Streets, as well as Sri Kumaran Nagar and Sri Kumaran Nagar Main Road.