Guideline Value for SRINIVASAPURAM 1ST STREET

Srinivasapuram 1st Street guideline value

The current guideline value of Srinivasapuram 1st Street is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Srinivasapuram 1st Street has changed

The guideline value for Srinivasapuram 1st Street has seen significant changes over the years. In 2002, the guideline value was Rs 885 per sq.ft. This increased to Rs 979 per sq.ft in 2003, marking an increase of 11%. The value continued to rise, reaching Rs 1,300 per sq.ft in 2007, which was a 33% increase from the previous figure. By 2012, the value was Rs 9,000 per sq.ft, reflecting a substantial increase of 592% from 2007. However, in 2017, the value decreased to Rs 6,030 per sq.ft, a drop of 33% from 2012. The value then increased to Rs 9,000 per sq.ft in 2023, followed by a rise to the current figure of Rs 9,900 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1019%. There are no figures available for the revisions in the years not listed.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value is Rs 9,900 per sq.ft, which is the same as the guideline value for Srinivasapuram 1st Street.

• Srinivasapuram 2nd Street: Rs 9,900 per sq.ft (2024)
• Srinivasapuram 3rd Street: Rs 9,900 per sq.ft (2024)
• Srinivasapuram Main Road: Rs 9,900 per sq.ft (2024)
• Sriram Nagar 1st Cross Street: Rs 9,900 per sq.ft (2024)
• Sriram Nagar Ist Street: Rs 9,900 per sq.ft (2024)
• Sri Ram Nagar Salai: Rs 9,900 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasapuram 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 9,900 per sq.ft, the guideline value would be Rs 99,00,000. The stamp duty, charged at 7%, would amount to Rs 6,93,000, while the registration fee at 2% would be Rs 1,98,000. Together, the total cost would be Rs 8,91,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srinivasapuram 1st Street?

The Sub Registrar Office that covers Srinivasapuram 1st Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

When buying or selling property in Thiruvanmiyur, the guideline value is a crucial factor during the registration process. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

Buyers and sellers should be aware that the guideline value is updated periodically, and it is essential to refer to the latest figures to understand the financial implications of property transactions in the area.

Frequently asked questions

What is the current guideline value of Srinivasapuram 1st Street?

The current guideline value of Srinivasapuram 1st Street is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 885 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 1019% over the years.

What is the land classification for Srinivasapuram 1st Street?

Srinivasapuram 1st Street is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000 and the registration fee would be Rs 1,98,000, totaling Rs 8,91,000.

Where can I find the Sub Registrar Office for this street?

The Chennai South Joint I Sub Registrar Office, covering Srinivasapuram 1st Street, is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.