Guideline Value for Station 2nd Cross Street

Station 2nd Cross Street guideline value

The current guideline value of Station 2nd Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Mixed Type - I land.

How the guideline value of Station 2nd Cross Street has changed

The guideline value for Station 2nd Cross Street has undergone several revisions over the years. In 2003, the value was Rs 1,003 per sq.ft. This increased to Rs 1,000 per sq.ft in 2007, showing no significant change. However, in 2012, the value rose to Rs 3,500 per sq.ft, marking a substantial increase of 250%. The 2017 revision saw a decrease to Rs 2,345 per sq.ft, a decline of 33%. The most recent revision in 2024 set the guideline value at Rs 3,850 per sq.ft, reflecting an increase of 64% from 2017.

It is important to note that the register has no figures for the years 2023 and 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 284%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, making the 2024 figure for Station 2nd Cross Street above that median.

• Station 1st Road: Rs 3,850 per sq.ft (2024)
• Station Border Road: Rs 3,850 per sq.ft (2024)
• Station 1st Cross Street: Rs 3,850 per sq.ft (2024)
• Station Border Street: Rs 3,850 per sq.ft (2024)
• Station Cross Street: Rs 3,850 per sq.ft (2024)
• Station Line 1st Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Station 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. Please note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Station 2nd Cross Street?

The Sub Registrar Office that covers Station 2nd Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a critical role during the registration of property transactions in Zaminpallavaram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions. Ensuring compliance with these values helps facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Station 2nd Cross Street?

The current guideline value of Station 2nd Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,003 per sq.ft in 2003 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 284% over the years.

What is the median guideline value in Zaminpallavaram?

The median guideline value in Zaminpallavaram is Rs 3,300 per sq.ft, which means the 2024 figure for Station 2nd Cross Street is above this median.

What are the stamp duty and registration fees for a property in Station 2nd Cross Street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 2,69,500, and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which office handles registrations for Station 2nd Cross Street?

The Pallavaram Sub Registrar Office handles registrations for Station 2nd Cross Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.