Guideline Value for Srinivasapuram 1st Cross Street

Srinivasapuram 1st Cross Street guideline value

The current guideline value of Srinivasapuram 1st Cross Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Srinivasapuram 1st Cross Street has changed

In the 2017 revision, the guideline value was Rs 1,072 per sq.ft. This figure increased to Rs 1,600 per sq.ft in the 2023 revision, marking a change of 49%. The most recent revision in 2024 has set the guideline value at Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing the 2024 figure for Srinivasapuram 1st Cross Street below this median.

• Srinivasapuram 1st Street: Rs 1,760 per sq.ft (2024)
• Srinivasapuram 2nd Cross Street: Rs 1,760 per sq.ft (2024)
• Srinivasapuram 2nd Street: Rs 1,760 per sq.ft (2024)
• Srinivasapuram 3rd Cross Street: Rs 1,760 per sq.ft (2024)
• Srinivasapuram: Rs 1,760 per sq.ft (2024)
• Srinivasapuram 3rd Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasapuram 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees to Rs 1,58,400. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srinivasapuram 1st Cross Street?

The Sub Registrar Office covering Srinivasapuram 1st Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value of a property, which must be adhered to during the registration process.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Srinivasapuram 1st Cross Street?

The current guideline value of Srinivasapuram 1st Cross Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: it was Rs 1,072 per sq.ft in 2017, increased to Rs 1,600 per sq.ft in 2023, and is now Rs 1,760 per sq.ft in 2024.

What is the land classification for this street?

Srinivasapuram 1st Cross Street is classified as Residential Class II Type - I.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 1,58,400.