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Guideline Value

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Guideline Value for SRI SAI NAGAR 2ND CROSS STREET

₹3900/sq.ft.

The guideline value for Sri Sai Nagar 2nd Cross Street in Okkiyamthuraipakkam village (Neelankarai SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Okkiyamthuraipakkam

Village

Neelankarai

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Sai Nagar 2nd Cross Street

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Sri Sai Nagar 2nd Cross Street guideline value

The current guideline value of Sri Sai Nagar 2nd Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village, under the Neelankarai SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Sri Sai Nagar 2nd Cross Street has changed

The guideline value for Sri Sai Nagar 2nd Cross Street has undergone several revisions over the years. In 2012, the value was set at Rs 3,500 per sq.ft. This figure remained until the next revision in 2017, where it decreased to Rs 2,345 per sq.ft. Following this, the value increased significantly to Rs 3,500 per sq.ft in 2023, and then to Rs 3,900 per sq.ft in 2024, marking an increase of 11% from the previous year.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from 2012 to 2024, there has been a net increase of 11%. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in this village is Rs 3,300 per sq.ft, placing Sri Sai Nagar 2nd Cross Street above this median value.

Stamp duty and registration fee for property in Sri Sai Nagar 2nd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the guideline value totals Rs 39,00,000. The stamp duty at 7% amounts to Rs 2,73,000, and the registration fee at 2% is Rs 78,000, bringing the total fees to Rs 3,51,000. 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 Sai Nagar 2nd Cross Street?

The Sri Sai Nagar 2nd Cross Street falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial figure used during the registration of properties in Okkiyamthuraipakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, the guideline value helps both parties understand the official worth of the property, which is essential for legal and financial transactions. It is advisable to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Sai Nagar 2nd Cross Street?

The current guideline value of Sri Sai Nagar 2nd Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in 2024.

What are the other streets in Okkiyamthuraipakkam and their guideline values?

Other streets in Okkiyamthuraipakkam include Sri Sai Nagar 1st Main Road at Rs 5,000 per sq.ft, Sri Sai Nagar 2nd Main Road at Rs 5,500 per sq.ft, and several others at Rs 3,900 per sq.ft.

What is the registration fee for properties in Sri Sai Nagar 2nd Cross Street?

The registration fee for properties in Sri Sai Nagar 2nd Cross Street is 2% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 78,000.

Where can I find the Sub Registrar Office for Sri Sai Nagar 2nd Cross Street?

The Sub Registrar Office for Sri Sai Nagar 2nd 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.