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Guideline Value

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Guideline Value for SRI SAI NAGAR 6TH CROSS STREET

₹3900/sq.ft.

The guideline value for Sri Sai Nagar 6th 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 6th Cross Street

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Sri Sai Nagar 6th Cross Street guideline value

The current guideline value of Sri Sai Nagar 6th 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, and is classified as Residential Class I Type - II.

How the guideline value of Sri Sai Nagar 6th Cross Street has changed

The guideline value for Sri Sai Nagar 6th Cross Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,900 per sq.ft, an increase of 11% from the 2023 figure of Rs 3,500 per sq.ft. Prior to that, in 2017, the value was Rs 2,345 per sq.ft, which means there was a significant increase of 49% from 2017 to 2023. The 2012 revision also recorded a value of Rs 3,500 per sq.ft, indicating a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 11%.

The register has no figures for the years 2002, 2003, and 2007 for this street. The revisions that do have figures are from 2012, 2017, 2023, and the current 2024 revision.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, the guideline values vary significantly across 453 streets under the Neelankarai SRO, ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing the 2024 guideline value of Sri Sai Nagar 6th Cross Street above this median.

Stamp duty and registration fee for property in Sri Sai Nagar 6th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000. Together, the total cost for these fees would be 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Sai Nagar 6th Cross Street?

The Sri Sai Nagar 6th 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. For further assistance, you can find your SRO.

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

The guideline value is a crucial factor in the property registration process in Okkiyamthuraipakkam. It determines the minimum value at which a property can be registered and is used for calculating stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value for Sri Sai Nagar 6th Cross Street?

The current guideline value for Sri Sai Nagar 6th 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 2023 to Rs 3,900 per sq.ft in 2024, an increase of 11%. From 2017 to 2023, it increased by 49% from Rs 2,345 per sq.ft.

What is the land classification for Sri Sai Nagar 6th Cross Street?

Sri Sai Nagar 6th Cross Street is classified as Residential Class I Type - II.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in Sri Sai Nagar 6th Cross Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000.