Guideline Value for spurtank Road 2nd lane(logaiyya maistry street)

spurtank Road 2nd lane(logaiyya maistry street) guideline value

The current guideline value of spurtank Road 2nd lane(logaiyya maistry street) is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet Sub Registrar Office, and is classified as Residential Class III Type - I.

How the guideline value of spurtank Road 2nd lane(logaiyya maistry street) has changed

The guideline value for spurtank Road 2nd lane(logaiyya maistry street) has seen several revisions over the years. In 2007, the guideline value was Rs 1,500 per sq.ft, which increased significantly to Rs 3,600 per sq.ft in 2012, marking a rise of 140%. However, it then decreased to Rs 2,412 per sq.ft in 2017, a drop of 33%. The value further increased to Rs 3,600 per sq.ft in 2023, and finally, it reached Rs 3,900 per sq.ft in the 2024 revision, reflecting an 8% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 160%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO, with guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 7,100 per sq.ft, placing the 2024 figure for spurtank Road 2nd lane(logaiyya maistry street) below this median.

• Spurtankroad(Mayor V.R.Ramanathan Road): Rs 13,500 per sq.ft (2024)
• South Coovam Salai: Rs 4,400 per sq.ft (2024)
• Soorammal Street: Rs 7,100 per sq.ft (2024)
• Soorammal Lane: Rs 7,100 per sq.ft (2024)
• Slum Clearance Board (tenement): Rs 2,800 per sq.ft (2024)
• Siyali Mudali Stret: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in spurtank Road 2nd lane(logaiyya maistry street)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, while the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to 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 spurtank Road 2nd lane(logaiyya maistry street)?

The Sub Registrar Office that covers spurtank Road 2nd lane(logaiyya maistry street) is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Egmore. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value for spurtank Road 2nd lane(logaiyya maistry street)?

The current guideline value for spurtank Road 2nd lane(logaiyya maistry street) is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, representing an overall increase of 160% over the years.

What is the land classification for spurtank Road 2nd lane(logaiyya maistry street)?

spurtank Road 2nd lane(logaiyya maistry street) is classified as Residential Class III Type - I.

What are the guideline values for other streets in Egmore?

Other streets in Egmore have varying guideline values, with rates ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft.

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator.