Guideline Value for Srinivasapuram Main Road

Srinivasapuram Main Road guideline value

The current guideline value of Srinivasapuram Main Road is Rs 1,760 per sq.ft, effective from 1 July 2024. This road is located in Anakaputhur village under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Srinivasapuram Main Road has changed

The guideline value for Srinivasapuram Main Road has undergone several revisions over the years. The 2017 revision set the value at Rs 1,072 per sq.ft, which was then increased to Rs 1,600 per sq.ft in the 2023 revision. The most recent revision in 2024 has further increased the guideline value to Rs 1,760 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. The change from 2017 to 2023 was a significant 49%, reflecting the evolving real estate landscape in the area.

Guideline values in Anakaputhur

Anakaputhur has a total of 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 for these streets is Rs 1,980 per sq.ft, which means that the guideline value of Srinivasapuram Main Road is below this median.

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

Stamp duty and registration fee for property in Srinivasapuram Main Road

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 is charged at 7%, totaling Rs 1,23,200, and the registration fee is 2%, amounting to Rs 35,200. Together, the total cost for stamp duty and registration fee is 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Srinivasapuram Main Road?

The Sub Registrar Office that covers Srinivasapuram Main Road 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 property transactions in Anakaputhur. It is used to determine the amount of stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware that the guideline value is a significant factor in the registration process.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions. It is essential for both parties to understand the applicable guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Srinivasapuram Main Road?

The current guideline value of Srinivasapuram Main Road 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 are the other streets in Anakaputhur with their guideline values?

Other streets in Anakaputhur include Srinivasapuram Extension at Rs 2,310 per sq.ft, and several streets at Rs 1,760 per sq.ft. The values reflect the varying prices across different streets.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in this area is 7% of the guideline value or sale price, whichever is higher.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Pammal Sub Registrar Office located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, or by using the online find your SRO tool.