Guideline Value for Station Border Road

Station Border Road guideline value

The current guideline value of Station Border Road in Zaminpallavaram village is Rs 3,850 per sq.ft, effective from 1 July 2024. This area falls under the Pallavaram SRO and is classified as Mixed Type - I land.

How the guideline value of Station Border Road has changed

The guideline value for Station Border Road has seen several revisions over the years. In 2003, the value was Rs 554 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007. Following this, the value rose significantly to Rs 3,500 per sq.ft in 2012, marking a 250% increase from the previous revision. However, from 2012 to 2017, the value decreased by 33% to Rs 2,345 per sq.ft. The current figure of Rs 3,850 per sq.ft, effective from 2024, represents a 64% increase from the 2017 revision. Overall, the guideline value has increased by 595% from 2003 to 2024.

The register has no figure for the years 2023 and 2002 for this street. This means that the most recent revision before 2024 was in 2017, where the value was recorded at Rs 2,345 per sq.ft.

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 value for these streets is Rs 3,300 per sq.ft, placing Station Border Road's 2024 figure above the median.

• Station 2nd Cross Street: Rs 3,850 per sq.ft (2024)
• Station 1st 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 Border Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, leading to a total of Rs 3,46,500. It is important to 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 precise calculations.

Which Sub Registrar Office covers Station Border Road?

The Sub Registrar Office that covers Station Border Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 Zaminpallavaram

The guideline value is a crucial factor during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being sold or purchased.

Frequently asked questions

What is the current guideline value of Station Border Road?

The current guideline value of Station Border Road 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 from Rs 554 per sq.ft in 2003 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 595% over the years.

What is the median guideline value in Zaminpallavaram?

The median guideline value in Zaminpallavaram is Rs 3,300 per sq.ft, with Station Border Road's value being above this median.

Where can I find the Sub Registrar Office for Station Border Road?

The Sub Registrar Office for Station Border Road is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 38,50,000 would incur a stamp duty of Rs 2,69,500 at 7%.