Guideline Value for ASIRIYAR VELAYUTHAM STREET

Asiriyar Velayutham Street guideline value

The current guideline value of Asiriyar Velayutham Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the jurisdiction of the Purasaivakkam SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Asiriyar Velayutham Street has changed

The guideline value for Asiriyar Velayutham Street has undergone several revisions over the years. In the 2002 revision, the guideline value was Rs 378 per sq.ft. This increased to Rs 461 per sq.ft in 2003, marking a change of +22%. The value then rose to Rs 600 per sq.ft in 2007, which was a significant increase of +30%. Following that, the 2012 revision showed a decrease to Rs 3,500 per sq.ft, reflecting a change of -483%. The guideline value rose again to Rs 2,345 per sq.ft in 2017, representing a +49% increase from the previous revision. The 2023 revision set the value at Rs 3,500 per sq.ft, and the latest revision in 2024 raised it to Rs 3,800 per sq.ft, resulting in a +9% change.

Overall, from 2002 to 2024, the guideline value has increased by +905%. There are no figures available for the revisions in years other than those specified.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry 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, placing Asiriyar Velayutham Street's 2024 figure above this median.

• Asiriyar Colony Maraimalai Adigal Street: Rs 3,200 per sq.ft (2024)
• Asiriar Street: Rs 5,400 per sq.ft (2024)
• Avvai Nagar: Rs 3,800 per sq.ft (2024)
• Avvai Nagar 1st Street: Rs 3,800 per sq.ft (2024)
• Arunthathipuram: Rs 2,200 per sq.ft (2024)
• Avvai Nagar 2nd Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Asiriyar Velayutham Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. 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 Asiriyar Velayutham Street?

The Sub Registrar Office that covers Asiriyar Velayutham Street 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 plays a crucial role in the registration process when buying or selling property in Perambur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should ensure they are aware of the current guideline value to understand their financial obligations.

When registering a property, the guideline value is considered as the minimum value for the transaction. This means that even if the sale price is lower than the guideline value, the duty will be calculated based on the guideline value, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Asiriyar Velayutham Street?

The current guideline value of Asiriyar Velayutham Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 378 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, which is an overall increase of +905%.

What is the land classification for Asiriyar Velayutham Street?

The land classification for Asiriyar Velayutham Street is Residential Class II Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Asiriyar Velayutham Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Perambur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. It is important for buyers to be aware of the current guideline value to understand their financial obligations during the registration process.