Guideline Value for Srinivasa P.K. St (Ward-07)

Srinivasa P.K. St (Ward-07) guideline value

The current guideline value of Srinivasa P.K. St (Ward-07) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Srinivasa P.K. St (Ward-07) has changed

The guideline value for Srinivasa P.K. St (Ward-07) has seen revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft. The most recent 2024 revision increased this to Rs 2,200 per sq.ft, marking a change of +10% from the previous figure.

There are several years for which the register has no figure for this street, specifically 2023, 2017, 2007, 2003, and 2002. The only revisions available are from 2012 and 2024.

Guideline values in Madhavaram

In Madhavaram, there are 1946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing the 2024 figure for Srinivasa P.K. St above this median.

• Srinivasa Perumal Koil st, ( Ward No.7 ): Rs 1,300 per sq.ft (2024)
• Srinivasa Perumal Koil Street: Rs 1,300 per sq.ft (2024)
• Srinivasa Perumal Koil st, connecting Road ( Ward No.7 ): Rs 1,300 per sq.ft (2024)
• Sri Padmagiri Nagar: Rs 1,300 per sq.ft (2024)
• Sri Padmagiri Nagar Phase II: Rs 2,200 per sq.ft (2024)
• Srinivasa Nagar (Ward-11): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasa P.K. St (Ward-07)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 Srinivasa P.K. St (Ward-07)?

The Sub Registrar Office covering Srinivasa P.K. St (Ward-07) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

When buying or selling property, it is crucial to be aware of the guideline value, as it can influence the overall transaction costs. Buyers and sellers should ensure that they understand how this value affects their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Srinivasa P.K. St (Ward-07)?

The current guideline value of Srinivasa P.K. St (Ward-07) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, reflecting a +10% increase.

Are there any years with no guideline value for this street?

Yes, the register has no figure for Srinivasa P.K. St (Ward-07) for the years 2023, 2017, 2007, 2003, and 2002.

What is the registration office for this area?

The registration office for Srinivasa P.K. St (Ward-07) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as a benchmark for determining these costs, ensuring that they are based on the official valuation of the property.