Guideline Value for Singanna Chetty Street 2nd lane

Singanna Chetty Street 2nd lane guideline value

The current guideline value of Singanna Chetty Street 2nd lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Chindadripet village, under the Periamet SRO, and is classified as Residential Class III Type - I.

How the guideline value of Singanna Chetty Street 2nd lane has changed

The guideline value for Singanna Chetty Street 2nd lane has undergone several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 800 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a remarkable rise of 275%. However, it then decreased to Rs 2,010 per sq.ft in 2017, representing a decline of 33%. The value saw a substantial increase again, reaching Rs 3,000 per sq.ft in 2023, and then further rising by 10% to the current value of Rs 3,300 per sq.ft in 2024.

There are no recorded figures for Singanna Chetty Street 2nd lane in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 313%, demonstrating significant changes over the years.

Guideline values in Chindadripet

In Chindadripet village, there are 98 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,500 to Rs 18,100 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the current value of Singanna Chetty Street 2nd lane.

• Singanna Chetty Street 1st lane: Rs 3,300 per sq.ft (2024)
• Singanna Chetty Street 3rd lane: Rs 3,300 per sq.ft (2024)
• Singanna Chetty Street: Rs 6,600 per sq.ft (2024)
• Siyali Amman Koil lane: Rs 2,600 per sq.ft (2024)
• Siyali amman Koil Street: Rs 2,600 per sq.ft (2024)
• Seshagiri Iyer street: Rs 2,600 per sq.ft (2024)

Stamp duty and registration fee for property in Singanna Chetty Street 2nd lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Singanna Chetty Street 2nd lane?

The Sub Registrar Office that covers Singanna Chetty Street 2nd lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

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

When buying or selling property, the guideline value helps both parties understand the value of the transaction. It is essential for buyers to be aware of this value to ensure they are paying a fair price and for sellers to set a competitive price for their property.

Frequently asked questions

What is the current guideline value of Singanna Chetty Street 2nd lane?

The current guideline value of Singanna Chetty Street 2nd lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 313% over this period.

What is the stamp duty for property in Singanna Chetty Street 2nd lane?

The stamp duty for property in Singanna Chetty Street 2nd lane is 7% of the guideline value, which amounts to Rs 2,31,000 for a 1,000 sq.ft plot at the current rate.

Where is the Sub Registrar Office for Singanna Chetty Street 2nd lane located?

The Sub Registrar Office for Singanna Chetty Street 2nd lane is located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification for Singanna Chetty Street 2nd lane?

Singanna Chetty Street 2nd lane is classified as Residential Class III Type - I.