Guideline Value for Sakunthala Second Cross Street

Sakunthala Second Cross Street guideline value

The current guideline value of Sakunthala Second Cross Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Kaspapuram village and falls under the Tambaram Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Sakunthala Second Cross Street has changed

Looking at the historical revisions, the guideline value for Sakunthala Second Cross Street was Rs 500 per sq.ft in 2023, which increased to Rs 550 per sq.ft in 2024, marking a change of +10%. Prior to that, in 2017, the value was Rs 335 per sq.ft, indicating a significant increase of +49% over the six years leading to 2023. The register has no figure for this street in 2007, 2003, or 2002.

In 2012, the guideline value was Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017, reflecting a decrease of -33%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of +10%.

Guideline values in Kaspapuram

Kaspapuram village has a total of 76 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 4,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Sakunthala Second Cross Street is below this median.

• Sakunthala First Cross Street: Rs 550 per sq.ft (2024)
• Sakunthala Third Cross Street: Rs 550 per sq.ft (2024)
• Sairak Nagar: Rs 1,100 per sq.ft (2024)
• Sai Balaji Nagar: Rs 1,100 per sq.ft (2024)
• Rajiv Gandhi Nagar Main Road: Rs 550 per sq.ft (2024)
• Shibin City: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sakunthala Second Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sakunthala Second Cross Street?

The Sub Registrar Office that covers Sakunthala Second Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is an essential factor when registering property transactions in Kaspapuram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps establish a fair basis for the transaction, ensuring that both parties are aware of the value as recognized by the local authorities. This value is crucial for compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Sakunthala Second Cross Street?

The current guideline value of Sakunthala Second Cross Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024, a +10% increase. It was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012, showing fluctuations over the years.

What is the median guideline value in Kaspapuram?

The median guideline value in Kaspapuram is Rs 1,100 per sq.ft, with Sakunthala Second Cross Street's value being below this median.

How is stamp duty calculated for properties in Sakunthala Second Cross Street?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 5,50,000 would incur a stamp duty of Rs 38,500.

Where is the Sub Registrar Office for Sakunthala Second Cross Street located?

The Sub Registrar Office for Sakunthala Second Cross Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.