Guideline Value for Station Road

Station Road guideline value

The current guideline value of Station Road in Pattravakkam village is Rs 1,500 per sq.ft, effective from 1 July 2024. This area falls under the Konnur SRO and is classified as Residential Class II Type - I.

How the guideline value of Station Road has changed

The guideline value for Station Road has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,400 per sq.ft in 2012, marking a 250% rise. However, this value decreased by 33% to Rs 938 per sq.ft in 2017. Following this, the value surged to Rs 1,400 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 1,500 per sq.ft, reflecting a 7% increase.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 275%.

Guideline values in Pattravakkam

Pattravakkam village has 34 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,900 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, which is equal to the guideline value of Station Road.

• Sivapuram: Rs 1,500 per sq.ft (2024)
• Sivakami Ammal Street: Rs 1,100 per sq.ft (2024)
• Shrinivasa Nagar (Karukku): Rs 1,500 per sq.ft (2024)
• Shrinivasa Nagar (A) Jeyanthi Nagar: Rs 1,500 per sq.ft (2024)
• Selva Nagar: Rs 1,500 per sq.ft (2024)
• Samondeeswari Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Station Road

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Station Road?

The Sub Registrar Office covering Station Road is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property in Pattravakkam. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value ensures that transactions are recorded at a fair value, reflecting the official rates set by the government. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value for Station Road?

The current guideline value for Station Road is Rs 1,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 400 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, marking an overall increase of 275%.

What are the other streets in Pattravakkam with their guideline values?

Other streets in Pattravakkam include Sivapuram, Shrinivasa Nagar (Karukku), and Selva Nagar, all with a guideline value of Rs 1,500 per sq.ft, along with Sivakami Ammal Street and Samondeeswari Nagar at Rs 1,100 per sq.ft.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions is 7% of the guideline value or sale price, whichever is higher.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Konnur Sub Registrar Office at the Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, or by using the online link provided for SRO lookup.