Guideline Value for Srinivasapuram 3rd Street

Srinivasapuram 3rd Street guideline value

The current guideline value of Srinivasapuram 3rd 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 3rd Street has changed

The guideline value for Srinivasapuram 3rd Street has undergone several revisions over the years. The 2017 revision recorded a value of Rs 1,072 per sq.ft, which increased to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 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 the register has no 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 that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value in this village is Rs 1,980 per sq.ft, placing the 2024 guideline value of Srinivasapuram 3rd Street below this median.

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

Stamp duty and registration fee for property in Srinivasapuram 3rd 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Srinivasapuram 3rd Street?

The Sub Registrar Office that covers Srinivasapuram 3rd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the registration office will assess the guideline value to ensure that the transaction is recorded accurately. This helps in maintaining transparency in property transactions and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

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

The current guideline value of Srinivasapuram 3rd 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 1,600 per sq.ft in 2023, and now to Rs 1,760 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for property in Srinivasapuram 3rd Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 17,60,000. The stamp duty at 7% amounts to Rs 1,23,200, and the registration fee at 2% is Rs 35,200, totaling Rs 1,58,400.

Which office handles registrations for Srinivasapuram 3rd Street?

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

Where can I find more information about the guideline values?

More information about guideline values can be found in the Registration Department's guideline value register (TNReginet), which provides detailed figures for various streets in the area.