Guideline Value for Sasirekkamma Nagar 6th Street

Sasirekkamma Nagar 6th Street guideline value

The current guideline value of Sasirekkamma Nagar 6th 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 6th Street has changed

The guideline value for Sasirekkamma Nagar 6th Street has undergone several revisions. The oldest revision recorded is from 2017, where the value was Rs 1,675 per sq.ft. The most recent revision in 2024 has increased this value to Rs 2,700 per sq.ft, marking a significant increase of 61% over the seven-year period.

There are no recorded figures for this street in the years 2023, 2012, 2007, 2003, and 2002. The 2024 figure aligns with the median value of Rs 2,700 per sq.ft for the 1,318 streets in Kodungaiyur under the Madhavaram SRO.

Guideline values in Kodungaiyur

In Kodungaiyur, the guideline values for various streets range from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. Sasirekkamma Nagar 6th Street's guideline value matches this median.

• Sasirekkamma Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Sasirekkamma Nagar 7th Street: Rs 2,700 per sq.ft (2024)
• Sasirekkamma Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Sasirekkamma Nagar 8th Street: Rs 2,700 per sq.ft (2024)
• Sasirekkamma Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Sasirekkamma Nagar 9th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sasirekkamma Nagar 6th 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 to Rs 2,43,000. Duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sasirekkamma Nagar 6th Street?

The Sasirekkamma Nagar 6th Street falls under the Madhavaram Sub Registrar Office located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When registering a property, it is essential to consider the guideline value as it impacts the overall costs involved in the transaction. Buyers and sellers should be aware of the current guideline values to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Sasirekkamma Nagar 6th Street?

The current guideline value of Sasirekkamma Nagar 6th 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% over this period.

What are the other streets in Kodungaiyur with the same guideline value?

Other streets in Kodungaiyur with the same guideline value of Rs 2,700 per sq.ft include Sasirekkamma Nagar 5th, 7th, 4th, 8th, 3rd, and 9th Streets.

What is the stamp duty rate applicable for properties in Sasirekkamma Nagar?

The stamp duty rate applicable for properties in Sasirekkamma Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sasirekkamma Nagar 6th Street?

The Sub Registrar Office for Sasirekkamma Nagar 6th Street is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.