Guideline Value for Silappadhigara Cross Street

Silappadhigara Cross Street guideline value

The current guideline value of Silappadhigara Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Silappadhigara Cross Street has changed

Over the years, the guideline value of Silappadhigara Cross Street has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which was followed by a decrease to Rs 1,206 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 1,800 per sq.ft, and the latest revision in 2024 has raised it to Rs 1,980 per sq.ft. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

In terms of percentage changes, the value increased by 49% from 2017 to 2023 and by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

Peerklankaranai has a total of 322 streets under the Tambaram Joint 1 SRO with guideline values ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Silappadhigara Cross Street's 2024 figure above the median.

• Silappadhigara Street: Rs 1,980 per sq.ft (2024)
• Sivagami street: Rs 1,650 per sq.ft (2024)
• Sivasangaran Street: Rs 1,980 per sq.ft (2024)
• Shankar Street: Rs 1,650 per sq.ft (2024)
• Senthil Murugan Street: Rs 1,980 per sq.ft (2024)
• Senbagam Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Silappadhigara Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total cost for these fees Rs 1,78,200. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Silappadhigara Cross Street?

The Sub Registrar Office that covers Silappadhigara 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. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Peerklankaranai. It serves as a benchmark for determining the minimum value of a property during registration, ensuring that transactions are recorded at a fair value as per government regulations.

When a property is registered, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. This value is essential for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Silappadhigara Cross Street?

The current guideline value of Silappadhigara Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What are the other streets in Peerklankaranai with their guideline values?

Other streets in Peerklankaranai include Silappadhigara Street and Sivasangaran Street, both at Rs 1,980 per sq.ft, and Sivagami street and Shankar Street at Rs 1,650 per sq.ft.

What is the stamp duty for a property in Silappadhigara Cross Street?

The stamp duty for a property valued at Rs 19,80,000 would be Rs 1,38,600, calculated at 7% of the guideline value.

Which Sub Registrar Office is responsible for Silappadhigara Cross Street?

The Tambaram Joint 1 Sub Registrar Office is responsible for Silappadhigara Cross Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.