Guideline Value for Sridevi Amman Street

Sridevi Amman Street guideline value

The current guideline value of Sridevi Amman Street is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sridevi Amman Street has changed

Over the years, the guideline value of Sridevi Amman Street has seen several revisions. The earliest recorded value in 2003 was Rs 486 per sq.ft, which increased to Rs 800 per sq.ft in 2007. The value then rose significantly to Rs 2,000 per sq.ft in 2012, before decreasing to Rs 1,340 per sq.ft in 2017. Following this, the value jumped to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,160 per sq.ft as of the 2024 revision. The register has no figure for the year 2002.

In terms of percentage changes, the value increased by 65% from 2003 to 2007, decreased by 33% from 2012 to 2017, and then saw an increase of 49% from 2017 to 2023. The most recent increase from 2023 to 2024 is 8%. Overall, from 2003 to 2024, the guideline value has increased by 344%.

Guideline values in Zaminpallavaram

Within Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Sridevi Amman Street is below this median.

• Sridevi Nagar: Rs 3,300 per sq.ft (2024)
• Sri Bharath Nagar: Rs 2,750 per sq.ft (2024)
• Sri Elumalaiyan Nagar: Rs 2,750 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 3,520 per sq.ft (2024)
• Sri Badhrakaliamman Nagar: Rs 3,300 per sq.ft (2024)
• South Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sridevi Amman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value amounts to Rs 21,60,000. The stamp duty at 7% would be Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, leading to a total of Rs 1,94,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sridevi Amman Street?

The Sub Registrar Office that covers Sridevi Amman Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 Zaminpallavaram

The guideline value is a crucial factor in property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that are applicable during the registration process.

Additionally, the guideline value is regularly updated to reflect changes in the real estate market. Buyers and sellers should always check the latest guideline values to ensure compliance with registration requirements and to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Sridevi Amman Street?

The current guideline value of Sridevi Amman Street is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 486 per sq.ft in 2003 to Rs 2,160 per sq.ft in 2024, showing an overall increase of 344% over this period.

What is the median guideline value in Zaminpallavaram?

The median guideline value in Zaminpallavaram is Rs 3,300 per sq.ft, with Sridevi Amman Street's current value being below this median.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 21,60,000, the stamp duty would be Rs 1,51,200 and the registration fee would be Rs 43,200, totaling Rs 1,94,400.

Which office handles registrations for Sridevi Amman Street?

The Pallavaram Sub Registrar Office handles registrations for Sridevi Amman Street, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.