Guideline Value for SRINIVASAPILLAI THOTTAM

Srinivasapillai Thottam guideline value

The current guideline value of Srinivasapillai Thottam is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Cantonment Pallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Srinivasapillai Thottam has changed

The guideline value for Srinivasapillai Thottam has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 3,000 per sq.ft. This was revised to Rs 2,010 per sq.ft in 2017, reflecting a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, bringing it up to Rs 3,000 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figures for Srinivasapillai Thottam for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Cantonment Pallavaram

Cantonment Pallavaram has a total of 81 streets under the Pallavaram SRO, with guideline values in 2024 ranging from Rs 1,650 to Rs 11,000 per sq.ft. The median value is Rs 2,700 per sq.ft, making the guideline value of Srinivasapillai Thottam above this median.

• Srinivasa Perumal Koil Street: Rs 3,850 per sq.ft (2024)
• Station Road: Rs 3,300 per sq.ft (2024)
• Sp Koil Street: Rs 3,300 per sq.ft (2024)
• Tennary Street: Rs 3,300 per sq.ft (2024)
• Sandhai Road: Rs 3,300 per sq.ft (2024)
• Safaiwala Quarters: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasapillai Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty, charged at 7%, would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Srinivasapillai Thottam?

The Sub Registrar Office that covers Srinivasapillai Thottam is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Cantonment Pallavaram, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline values as they can significantly affect the overall cost of property transactions. Understanding these values can help in planning and budgeting for the associated fees during the buying or selling process.

Frequently asked questions

What is the current guideline value of Srinivasapillai Thottam?

The current guideline value of Srinivasapillai Thottam is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. It was Rs 2,010 per sq.ft in 2017, showing a significant increase of 49% to reach the 2023 figure.

What is the land classification for Srinivasapillai Thottam?

Srinivasapillai Thottam is classified as Residential Class I Type - II, which indicates its suitability for residential development.

Where is the Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.

How do the guideline values in Cantonment Pallavaram compare?

The guideline values in Cantonment Pallavaram range from Rs 1,650 to Rs 11,000 per sq.ft in 2024, with a median value of Rs 2,700 per sq.ft. The guideline value of Srinivasapillai Thottam at Rs 3,300 per sq.ft is above this median.