Guideline Value for Sasirekkamma Nagar 5th Street

Sasirekkamma Nagar 5th Street guideline value

The current guideline value of Sasirekkamma Nagar 5th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Sasirekkamma Nagar 5th Street has changed

The guideline value for Sasirekkamma Nagar 5th Street has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,675 per sq.ft. The latest revision in 2024 has increased this figure to Rs 2,700 per sq.ft, marking a change of +61% from the 2017 figure.

It is important to note that the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street. The only revisions available are from 2017 and 2024.

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 guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the 2024 figure for Sasirekkamma Nagar 5th Street.

• Sasirekkamma Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Sasirekkamma Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• Sasirekkamma Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Sasirekkamma Nagar 7th Street: Rs 2,700 per sq.ft (2024)
• Sasirekkamma Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Sasirekkamma Nagar 8th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sasirekkamma Nagar 5th 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, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sasirekkamma Nagar 5th Street?

The Sasirekkamma Nagar 5th Street falls under the Madhavaram Sub Registrar Office located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

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

When buying or selling property, the guideline value helps both buyers and sellers understand the fair value of the property. It is essential to refer to the latest guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Sasirekkamma Nagar 5th Street?

The current guideline value of Sasirekkamma Nagar 5th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,700 per sq.ft, which is a change of +61%.

What are the guideline values for other streets in Kodungaiyur?

Other streets in Kodungaiyur under the Madhavaram SRO also have a guideline value of Rs 2,700 per sq.ft for 2024, including Sasirekkamma Nagar 4th, 6th, 3rd, 7th, 2nd, and 8th Streets.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Sasirekkamma Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000.