Guideline Value for SreeKrishna 2st Street

SreeKrishna 2st Street guideline value

The current guideline value of SreeKrishna 2st Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village under the Pammal SRO, classified as Residential Class III Type - I.

How the guideline value of SreeKrishna 2st Street has changed

The guideline value for SreeKrishna 2st Street has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The most recent 2024 revision has further raised the value to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The changes between the revisions indicate a significant upward trend in the guideline value.

Guideline values in Thiruneermalai

In Thiruneermalai, there are a total of 316 streets under the Pammal SRO that have a guideline value for 2024, ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value for these streets is Rs 2,420 per sq.ft, placing SreeKrishna 2st Street's 2024 figure below that median.

• SreeKrishna 1st Street: Rs 1,320 per sq.ft (2024)
• Sreepuram 3rd Cross Street: Rs 3,080 per sq.ft (2024)
• South Mada Street: Rs 2,200 per sq.ft (2024)
• South Kulakarai Street: Rs 2,200 per sq.ft (2024)
• Sri Balaji Nagar: Rs 1,980 per sq.ft (2024)
• Sivaraj Street Extn 3rd Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in SreeKrishna 2st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400. Together, the total cost for stamp duty and registration fee would be Rs 1,18,800. It is important to note that 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 SreeKrishna 2st Street?

The Sub Registrar Office that covers SreeKrishna 2st Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Thiruneermalai. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is used to assess the applicable fees. This ensures that the government receives the correct revenue based on the established guideline values for different streets and areas.

Frequently asked questions

What is the current guideline value of SreeKrishna 2st Street?

The current guideline value of SreeKrishna 2st Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 64% over these years.

What is the median guideline value in Thiruneermalai?

The median guideline value for streets in Thiruneermalai is Rs 2,420 per sq.ft, which is higher than the current value of SreeKrishna 2st Street.

What are the stamp duty and registration fees for properties in this area?

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fee would be Rs 1,18,800, based on the guideline value of Rs 13,20,000.

Which office handles the registration for SreeKrishna 2st Street?

The Pammal Sub Registrar Office is responsible for handling registrations for SreeKrishna 2st Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.