Guideline Value for Srinivasapuram 2nd Cross Street

Srinivasapuram 2nd Cross Street guideline value

The current guideline value of Srinivasapuram 2nd 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 it falls under the Residential Class II Type - I land classification.

How the guideline value of Srinivasapuram 2nd Cross Street has changed

The guideline value for Srinivasapuram 2nd Cross Street has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 1,072 per sq.ft. This value increased to Rs 1,600 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has set the value at Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

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 value for these streets is Rs 1,980 per sq.ft, placing the 2024 guideline value of Srinivasapuram 2nd Cross Street below this median.

• Srinivasapuram 1st Street: Rs 1,760 per sq.ft (2024)
• Srinivasapuram 2nd Street: Rs 1,760 per sq.ft (2024)
• Srinivasapuram 1st Cross 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 2nd 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, charged at 7%, would be Rs 1,23,200, while the registration fee at 2% would be Rs 35,200, bringing the total costs together 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.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Srinivasapuram 2nd Cross Street?

The Sub Registrar Office that covers Srinivasapuram 2nd Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Anakaputhur, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the local authorities and is used as a benchmark for property transactions, ensuring that the government receives the appropriate revenue from property sales.

During the registration process, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price of the property. This ensures that all transactions are fairly assessed and that the government collects the necessary taxes on property transfers.

Frequently asked questions

What is the current guideline value of Srinivasapuram 2nd Cross Street?

The current guideline value of Srinivasapuram 2nd Cross Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, which is an overall increase of 64% over these years.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which office handles property registrations for Srinivasapuram 2nd Cross Street?

The Pammal Sub Registrar Office handles property registrations for Srinivasapuram 2nd Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Srinivasapuram 2nd Cross Street?

The land classification for Srinivasapuram 2nd Cross Street is Residential Class II Type - I, indicating its use for residential purposes.