Guideline Value for STEPHEN CROSS STREET

Stephen Cross Street guideline value

The current guideline value of Stephen Cross Street, located in Seevaram village under the Neelankarai SRO, is Rs 1,700 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Stephen Cross Street has changed

The guideline value for Stephen Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and most recently, it rose to Rs 1,700 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%, and from 2023 to 2024, the increase was 13%. Overall, from 2012 to 2024, the guideline value has increased by 13%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Seevaram

In Seevaram, there are 84 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,300 per sq.ft, with a median value of Rs 2,800 per sq.ft. Stephen Cross Street's 2024 figure is below this median.

• Srinath Nagar: Rs 2,800 per sq.ft (2024)
• Sri Kumaran Nagar Main Road: Rs 2,800 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 2,800 per sq.ft (2024)
• Sri Kumaran 5th Cross Street: Rs 2,800 per sq.ft (2024)
• Sri Kumaran 4th Cross Street: Rs 2,800 per sq.ft (2024)
• Sri Kumaran 3rd Cross Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Stephen Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, making the total fees together Rs 1,53,000. 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 information.

Which Sub Registrar Office covers Stephen Cross Street?

The Sub Registrar Office that covers Stephen 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. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Seevaram. It is used to determine the applicable stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value serves as a benchmark for assessing the value of the transaction. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration of property transactions.

Frequently asked questions

What is the current guideline value of Stephen Cross Street?

The current guideline value of Stephen Cross Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

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

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office handles registrations for Stephen Cross Street?

The Neelankarai Sub Registrar Office handles registrations for Stephen Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

What is the range of guideline values for streets in Seevaram?

The guideline values for streets in Seevaram range from Rs 1,100 to Rs 8,300 per sq.ft, with a median value of Rs 2,800 per sq.ft.