Guideline Value for Srinivasapuram

Srinivasapuram guideline value

The current guideline value of Srinivasapuram, located in Anakaputhur village under the Pammal SRO, is Rs 1,760 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Srinivasapuram has changed

Over the years, the guideline value of Srinivasapuram has seen significant changes. In 2003, the guideline value was Rs 241 per sq.ft, which increased to Rs 355 per sq.ft in 2007, marking a 47% rise. By 2017, the value surged to Rs 1,072 per sq.ft, reflecting a remarkable 202% increase from the previous revision. The 2023 revision set the value at Rs 1,600 per sq.ft, a 49% increase from 2017. The latest revision in 2024 has further increased the value to Rs 1,760 per sq.ft, which is a 10% rise from 2023.

It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 630%.

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, indicating that the guideline value for Srinivasapuram is below this median.

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

Stamp duty and registration fee for property in Srinivasapuram

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, making the total cost for these fees Rs 1,58,400. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Srinivasapuram?

The Sub Registrar Office that covers Srinivasapuram is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within 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 the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the minimum value at which property transactions can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

Frequently asked questions

What is the current guideline value of Srinivasapuram?

The current guideline value of Srinivasapuram 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 significantly from Rs 241 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 630% over this period.

What are the other streets in Anakaputhur with the same guideline value?

Other streets in Anakaputhur with the same guideline value of Rs 1,760 per sq.ft include Srinivasapuram 1st Cross Street, Srinivasapuram 1st Street, Srinivasapuram 2nd Cross Street, Srinivasapuram 2nd Street, Srinivasapuram 3rd Cross Street, and Srinivasapuram 3rd Street.

What is the stamp duty rate for properties in Srinivasapuram?

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

Where can I find the Sub Registrar Office for Srinivasapuram?

The Sub Registrar Office covering Srinivasapuram is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.