Guideline Value for Srinivasapuram 1st Street

Srinivasapuram 1st Street guideline value

The current guideline value for Srinivasapuram 1st 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 Street has changed

The guideline value for Srinivasapuram 1st Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,760 per sq.ft, which is an increase from Rs 1,600 per sq.ft in 2023, marking a change of +10%. Prior to that, the 2017 revision recorded a guideline value of Rs 1,072 per sq.ft, reflecting a significant increase of +49% from 2017 to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by +64%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO, with guideline values 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 value of Srinivasapuram 1st Street below this median.

• Srinivasapuram 1st Cross 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 3rd Street: Rs 1,760 per sq.ft (2024)
• Srinivasapuram 4th Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasapuram 1st 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srinivasapuram 1st Street?

The Sub Registrar Office that covers Srinivasapuram 1st Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Anakaputhur

The guideline value plays a crucial role in the registration process of property transactions in Anakaputhur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price alone.

It is essential for buyers and sellers to be aware of the current guideline value to accurately estimate the total costs involved in property transactions. This helps in budgeting for additional expenses that may arise during the registration process.

Frequently asked questions

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

The current guideline value of Srinivasapuram 1st 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 changed from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, an overall increase of +64% over this period.

What are the other streets with the same guideline value in Anakaputhur?

Other streets in Anakaputhur with the same guideline value of Rs 1,760 per sq.ft include Srinivasapuram 1st Cross Street, Srinivasapuram 2nd Cross Street, Srinivasapuram 2nd Street, Srinivasapuram 3rd Cross Street, Srinivasapuram 3rd Street, and Srinivasapuram 4th Street.

Where can I find the registration office for Srinivasapuram 1st Street?

The registration office for Srinivasapuram 1st Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Srinivasapuram 1st Street?

Stamp duty for properties in Srinivasapuram 1st Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.