Guideline Value for STATION ROAD (FROM BRITANNIA TO AVAIN)

Station Road (From Britannia To Avain) guideline value

The current guideline value for Station Road (From Britannia To Avain) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Korattur village and falls under the Villivakkam SRO with a land classification of Mixed Type - II.

How the guideline value of Station Road (From Britannia To Avain) has changed

In the 2012 revision, the guideline value was Rs 4,000 per sq.ft. This figure saw a decrease to Rs 2,680 per sq.ft in the 2017 revision, marking a decline of 33%. However, the guideline value rebounded significantly in the latest 2024 revision to Rs 4,400 per sq.ft, representing an increase of 64% from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, there has been a modest increase of 10% in the guideline value. The register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value for these streets is Rs 2,500 per sq.ft, placing the 2024 figure for Station Road (From Britannia To Avain) above this median.

• Station Road (Avin To Bus Stand): Rs 4,900 per sq.ft (2024)
• Station Road (Korattur Bus Terminus To Railway Station): Rs 4,400 per sq.ft (2024)
• Station Road (Station To North Township School): Rs 3,300 per sq.ft (2024)
• Subashini Avenue (Kallikuppam): Rs 1,600 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 3,300 per sq.ft (2024)
• Subbulakshmi Nagar: Rs 2,100 per sq.ft (2024)

Stamp duty and registration fee for property in Station Road (From Britannia To Avain)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. 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 Station Road (From Britannia To Avain)?

The Sub Registrar Office that covers Station Road (From Britannia To Avain) is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Korattur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. Buyers and sellers should always be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Station Road (From Britannia To Avain)?

The current guideline value for Station Road (From Britannia To Avain) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision of Rs 4,000 per sq.ft, the value decreased to Rs 2,680 per sq.ft in 2017, then increased to Rs 4,400 per sq.ft in 2024.

What is the land classification for Station Road (From Britannia To Avain)?

The land classification for Station Road (From Britannia To Avain) is Mixed Type - II, as per the Villivakkam SRO guidelines.

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

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000. These charges are based on the higher of the guideline value or the sale price.