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Guideline Value

Corporate

Guideline Value for SRI KUMARAN 5TH CROSS STREET

₹2800/sq.ft.

The guideline value for Sri Kumaran 5th 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 5th Cross Street

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Sri Kumaran 5th Cross Street guideline value

The current guideline value of Sri Kumaran 5th 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 5th Cross Street has changed

The guideline value for Sri Kumaran 5th Cross Street has seen several revisions over the years. In the 2007 revision, the value was Rs 750 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it experienced a decrease of 33% to Rs 1,675 per sq.ft in the 2017 revision. The value then rose sharply 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, marking a 12% increase from the previous year.

Notably, the register has no 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 carrying 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 equal to the current guideline value of Sri Kumaran 5th Cross Street.

Stamp duty and registration fee for property in Sri Kumaran 5th Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to 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 5th Cross Street?

The Sub Registrar Office that covers Sri Kumaran 5th 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 in the registration process when buying or selling property in Seevaram. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded at a fair price.

When registering a property, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Kumaran 5th Cross Street?

The current guideline value of Sri Kumaran 5th 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, with several revisions in between, including a decrease in 2017.

What is the land classification for Sri Kumaran 5th Cross Street?

Sri Kumaran 5th Cross Street is classified as Residential Class II Type - I.

What is the stamp duty for property in Sri Kumaran 5th Cross Street?

The stamp duty for property in Sri Kumaran 5th Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Kumaran 5th Cross Street located?

The Sub Registrar Office for Sri Kumaran 5th 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.