Guideline Value for Station Cross Street

Station Cross Street guideline value

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

How the guideline value of Station Cross Street has changed

The guideline value for Station Cross Street has undergone several revisions over the years. The earliest recorded value was Rs 554 per sq.ft in 2003. This increased to Rs 1,000 per sq.ft in 2007, marking an increase of 81%. The value then saw a significant rise to Rs 3,500 per sq.ft in 2012, which represented a 250% increase. However, it decreased to Rs 2,345 per sq.ft in 2017, a drop of 33%. The latest revision in 2024 set the value at Rs 3,850 per sq.ft, which is an increase of 64% from the 2017 figure.

It is important to note that there are no recorded 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

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 Cross Street's 2024 figure above that median.

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

Stamp duty and registration fee for property in Station 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, while the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Station Cross Street?

The Sub Registrar Office that covers Station 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 is a crucial factor in the registration process of property transactions in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of a property.

When a property is registered, the guideline value is assessed to ensure that the appropriate fees are collected based on the higher of the guideline value or the sale price. This ensures compliance with local regulations and helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Station Cross Street?

The current guideline value of Station 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 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 for streets in Zaminpallavaram?

The median guideline value for streets in Zaminpallavaram is Rs 3,300 per sq.ft, with Station Cross Street's value being above this median.

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

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.

Which office handles the registration for Station Cross Street?

The registration for Station Cross Street is handled by the Pallavaram Sub Registrar Office located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.