Guideline Value for Srinivasan Street

Srinivasan Street guideline value

The current guideline value of Srinivasan Street in Kodungaiyur village, under the Madhavaram SRO, is Rs 2,700 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Srinivasan Street has changed

The guideline value for Srinivasan Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft, and this increased to Rs 2,700 per sq.ft in the 2024 revision, marking a significant change of +61%. Notably, there are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street.

In summary, the guideline value has risen from Rs 1,675 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2024. This increase reflects the current median value for streets in Kodungaiyur, which also stands at Rs 2,700 per sq.ft for the 2024 revision.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value is Rs 2,700 per sq.ft, which is the same as the current guideline value for Srinivasan Street.

• Srinivasan Street (Krishnamoorthy Nagar): Rs 2,700 per sq.ft (2024)
• Srinivasa Perumal Koil Street: Rs 2,200 per sq.ft (2024)
• Srinivasapuram: Rs 2,700 per sq.ft (2024)
• Sri Ragavendra Nagar: Rs 2,700 per sq.ft (2024)
• Srinivasa 2nd Lane: Rs 1,900 per sq.ft (2024)
• Srinivasa 1st Lane: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees together to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Srinivasan Street?

The Sub Registrar Office that covers Srinivasan Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of property transfer.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Srinivasan Street?

The current guideline value of Srinivasan Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,700 per sq.ft in 2024, which is a change of +61%.

Are there any years with no guideline value for Srinivasan Street?

Yes, the register has no figures for Srinivasan Street for the years 2023, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees on a property in Srinivasan Street?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Where can I find the Sub Registrar Office for Srinivasan Street?

The Sub Registrar Office for Srinivasan Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.