Guideline Value for Sakthivel Nagar 4th Cross Street

Sakthivel Nagar 4th Cross Street guideline value

The current guideline value of Sakthivel Nagar 4th Cross Street is Rs 3,301 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village, under the Sembiam SRO, and is classified as Residential Special Type - II.

How the guideline value of Sakthivel Nagar 4th Cross Street has changed

The guideline value for Sakthivel Nagar 4th Cross Street has undergone several revisions over the years. In 2002, the guideline value was Rs 360 per sq.ft. This increased to Rs 392 per sq.ft in 2003, marking a 9% rise. The value saw a significant jump to Rs 800 per sq.ft in 2007, which was a 104% increase. In 2012, the value adjusted to Rs 3,000 per sq.ft, reflecting a 275% increase from the previous revision. However, this was followed by a decrease to Rs 2,010 per sq.ft in 2017, which represented a 33% drop. The value then rose to Rs 3,000 per sq.ft in 2023, and finally, it reached Rs 3,301 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 817%. There are no figures available for the revisions of years not listed in the register for this street.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value is Rs 3,301 per sq.ft, which is equal to the guideline value of Sakthivel Nagar 4th Cross Street.

• Sakthivel Nagar 3rd Street: Rs 3,301 per sq.ft (2024)
• Sakthivel Nagar 4th Street: Rs 3,301 per sq.ft (2024)
• Sakthivel Nagar 3rd Cross Street: Rs 3,301 per sq.ft (2024)
• Sakthivel Nagar 5th Cross Street: Rs 3,301 per sq.ft (2024)
• Sakthivel Nagar 2nd Street: Rs 3,301 per sq.ft (2024)
• Sakthivel Nagar 5th Street: Rs 3,301 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthivel Nagar 4th Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 3,301 per sq.ft, the guideline value amounts to Rs 33,01,000. The stamp duty at 7% would be Rs 2,31,070, and the registration fee at 2% would be Rs 66,020, totaling Rs 2,97,090. 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 accurate calculations.

Which Sub Registrar Office covers Sakthivel Nagar 4th Cross Street?

The Sub Registrar Office that covers Sakthivel Nagar 4th Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Peravallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives adequate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential for buyers to be aware of this value to avoid overpaying and for sellers to set realistic expectations for their property’s worth during negotiations.

Frequently asked questions

What is the current guideline value of Sakthivel Nagar 4th Cross Street?

The current guideline value of Sakthivel Nagar 4th Cross Street is Rs 3,301 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 360 per sq.ft in 2002 to Rs 3,301 per sq.ft in 2024, reflecting an overall increase of 817% over this period.

What is the land classification for Sakthivel Nagar 4th Cross Street?

Sakthivel Nagar 4th Cross Street is classified as Residential Special Type - II.

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

For a property valued at Rs 33,01,000, the stamp duty would be Rs 2,31,070 and the registration fee would be Rs 66,020, totaling Rs 2,97,090.

Which Sub Registrar Office covers this street?

The Sembiam Sub Registrar Office covers Sakthivel Nagar 4th Cross Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.