Guideline Value for Station Border Street

Station Border Street guideline value

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

How the guideline value of Station Border Street has changed

The guideline value for Station Border Street has undergone several revisions over the years. Starting from Rs 554 per sq.ft in 2003, it increased to Rs 1,000 per sq.ft in 2007, marking an increase of 81%. The value then rose significantly to Rs 3,500 per sq.ft in 2012, a 250% increase from the previous revision. However, it decreased to Rs 2,345 per sq.ft in 2017, reflecting a decline of 33%. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, which represents a 64% increase from the 2017 figure.

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 595%.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 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 Street's 2024 figure above the median.

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

Stamp duty and registration fee for property in Station Border Street

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the 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, bringing the total fees to Rs 3,46,500. It is important to note that the 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 Border Street?

The Sub Registrar Office covering Station Border 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 crucial role during the registration of property transactions in Zaminpallavaram. It is used to determine the stamp duty and registration fees that buyers need to pay, ensuring that these costs are based on a standardized value set by the authorities.

When buying or selling property, the guideline value is referenced to ascertain the minimum value for taxation purposes. This helps in maintaining transparency and consistency in property transactions across the region.

Frequently asked questions

What is the current guideline value of Station Border Street?

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

What is the land classification of Station Border Street?

Station Border Street is classified as Mixed Type - I land under the Pallavaram SRO.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Where is the Sub Registrar Office located for this street?

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