Guideline Value for Srinivasapuram 3rd Cross Street

Srinivasapuram 3rd Cross Street guideline value

The current guideline value of Srinivasapuram 3rd Cross Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal Sub Registrar Office (SRO) and falls under the Residential Class II Type - I land classification.

How the guideline value of Srinivasapuram 3rd Cross Street has changed

The guideline value for Srinivasapuram 3rd Cross Street has seen several revisions over the years. In the 2017 revision, the value was set at Rs 1,072 per sq.ft. This 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 further increased the value to 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 recorded figures for this street in the revisions of 2002, 2003, 2007, and 2012.

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 in this area is Rs 1,980 per sq.ft, indicating that the guideline value for Srinivasapuram 3rd Cross Street is below this median.

• Srinivasapuram 2nd Street: Rs 1,760 per sq.ft (2024)
• Srinivasapuram 3rd Street: Rs 1,760 per sq.ft (2024)
• Srinivasapuram 2nd Cross Street: Rs 1,760 per sq.ft (2024)
• Srinivasapuram 4th Street: Rs 1,760 per sq.ft (2024)
• Srinivasapuram 1st Street: Rs 1,760 per sq.ft (2024)
• Srinivasapuram Extension: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Srinivasapuram 3rd 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 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, making the total fees together 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 3rd Cross Street?

The Sub Registrar Office that covers Srinivasapuram 3rd Cross 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 is an essential factor when registering property transactions in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, thus protecting the interests of both buyers and sellers. It is crucial to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Srinivasapuram 3rd Cross Street?

The current guideline value of Srinivasapuram 3rd Cross Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,072 per sq.ft to Rs 1,760 per sq.ft in 2024, marking a total increase of 64% over the seven years.

What are the stamp duty and registration fees for property in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 17,60,000, the total fees would amount to Rs 1,58,400.

Which Sub Registrar Office covers this street?

The Pammal Sub Registrar Office covers Srinivasapuram 3rd Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Srinivasapuram 3rd Cross Street?

Srinivasapuram 3rd Cross Street falls under the Residential Class II Type - I land classification, indicating its suitability for residential purposes.