Guideline Value for Sasirekkamma Nagar 10th Street

Sasirekkamma Nagar 10th Street guideline value

The current guideline value for Sasirekkamma Nagar 10th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sasirekkamma Nagar 10th Street has changed

The guideline value for Sasirekkamma Nagar 10th Street has undergone several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 1,675 per sq.ft. This figure increased to Rs 2,500 per sq.ft in the 2023 revision, marking a substantial rise of 49%. The most recent revision in 2024 saw the guideline value increase further to Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 61%.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value among these streets is Rs 2,700 per sq.ft, which is equal to the guideline value of Sasirekkamma Nagar 10th Street.

• Sasirekkamma Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Sasirekkamma Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Sasirekkamma Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Sasirekkamma Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Sasirekkamma Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Sasirekkamma Nagar 6th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sasirekkamma Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sasirekkamma Nagar 10th Street?

The Sasirekkamma Nagar 10th Street falls under the jurisdiction of the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is an essential factor during the registration of property transactions in Kodungaiyur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid at the time of property transfer.

Frequently asked questions

What is the current guideline value for Sasirekkamma Nagar 10th Street?

The current guideline value for Sasirekkamma Nagar 10th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

The guideline value has increased by 61% from Rs 1,675 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Sasirekkamma Nagar 10th Street?

For a 1,000 sq.ft plot valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office handles registrations for Sasirekkamma Nagar 10th Street?

The Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, handles registrations for Sasirekkamma Nagar 10th Street.

What is the land classification for Sasirekkamma Nagar 10th Street?

Sasirekkamma Nagar 10th Street is classified as Residential Class I Type - I.