Guideline Value for A.A. ROAD

A.A. Road guideline value

The current guideline value of A.A. Road in Perambur village, under the Purasaivakkam SRO, is Rs 7,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial Special Type - II.

How the guideline value of A.A. Road has changed

The guideline value of A.A. Road has seen several revisions over the years. In 2002, the value was Rs 439 per sq.ft, which increased to Rs 482 per sq.ft in 2003. The value then rose significantly to Rs 1,400 per sq.ft in 2007, followed by a substantial jump to Rs 6,500 per sq.ft in 2012. However, it decreased to Rs 4,355 per sq.ft in 2017. The 2023 revision marked an increase to Rs 6,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 7,100 per sq.ft.

Between the revisions, notable changes include a 9% increase from 2023 to 2024, a 49% increase from 2017 to 2023, a decrease of 33% from 2012 to 2017, a remarkable 364% increase from 2007 to 2012, a 190% increase from 2003 to 2007, and a 10% increase from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 1517%.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO carrying a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, indicating that A.A. Road's 2024 figure is above this median.

• Adiseshanagar 1st Street: Rs 3,800 per sq.ft (2024)
• Adiseshanagar 2nd Street: Rs 3,800 per sq.ft (2024)
• Adiseshanagar 3rd Street: Rs 3,800 per sq.ft (2024)
• Adiseshanagar 4th Street: Rs 3,800 per sq.ft (2024)
• Adiseshanagar 5th Street: Rs 3,800 per sq.ft (2024)
• Adiseshanagar 6th Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in A.A. Road

For a property on A.A. Road measuring 1,000 sq.ft at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, while the registration fee at 2% would be Rs 1,42,000, bringing the total fees to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.A. Road?

The Sub Registrar Office that covers A.A. Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Perambur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are recorded accurately and that the appropriate government fees are collected based on the established guideline value.

Frequently asked questions

What is the current guideline value of A.A. Road?

The current guideline value of A.A. Road is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 439 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, marking an overall increase of 1517% over this period.

What is the stamp duty for properties on A.A. Road?

The stamp duty for properties on A.A. Road is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000.

Which Sub Registrar Office covers A.A. Road?

The Purasaivakkam Sub Registrar Office covers A.A. Road, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for A.A. Road?

The land classification for A.A. Road is Commercial Special Type - II, which indicates its designated use within the area.