Guideline Value for Srinivasapuram 2nd Street

Srinivasapuram 2nd Street guideline value

The current guideline value of Srinivasapuram 2nd Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village and falls under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Srinivasapuram 2nd Street has changed

The guideline value for Srinivasapuram 2nd Street has undergone several revisions since 2017. In 2017, the guideline value was Rs 1,072 per sq.ft. This figure increased to Rs 1,600 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 saw the value increase to Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register does not have figures 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, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft as of 2024. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Srinivasapuram 2nd Street's current value below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. 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 Srinivasapuram 2nd Street?

The Sub Registrar Office that covers Srinivasapuram 2nd 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 details.

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 calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When a property is sold, the guideline value is used to determine the official value of the property, which may influence the overall transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

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

The current guideline value of Srinivasapuram 2nd 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 increased from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Srinivasapuram 2nd Street?

Srinivasapuram 2nd Street is classified as Residential Class II Type - I, indicating its designation for residential purposes.

Where can I find the registration office for Srinivasapuram 2nd Street?

The registration office for Srinivasapuram 2nd 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 2nd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 at 7%.