Guideline Value for Berline Enclave Extension

Berline Enclave Extension guideline value

The current guideline value of Berline Enclave Extension is Rs 2,310 per sq.ft, effective from 1 July 2024. This property is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Berline Enclave Extension has changed

The guideline value for Berline Enclave Extension has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,310 per sq.ft, an increase from the 2023 figure of Rs 2,100 per sq.ft, marking a change of +10%. Prior to that, in 2017, the guideline value was Rs 1,407 per sq.ft, which indicates a significant increase of +49% over the six years leading up to 2023. The register has no figures for the years 2002, 2003, and 2007.

In 2012, the guideline value was Rs 2,100 per sq.ft, which was a decrease of -33% from the 2017 figure. Looking at the overall changes from 2012 to 2024, there has been a cumulative increase of +10%, with the 2024 figure aligning with the median guideline value for the area.

Guideline values in Perungalathur

Perungalathur has a total of 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, which is the same as the current guideline value for Berline Enclave Extension. Below are the guideline values for other streets in Perungalathur:

• Bavani Emarald: Rs 2,310 per sq.ft (2024)
• Bharathi Avenue: Rs 2,970 per sq.ft (2024)
• Bharathi Avenue Extension: Rs 4,290 per sq.ft (2024)
• Bharathidasan Street: Rs 2,640 per sq.ft (2024)
• Bharathidasan Street Extn: Rs 2,970 per sq.ft (2024)
• Bharathi Nagar: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Berline Enclave Extension

For a 1,000 sq.ft plot at the current rate of Rs 2,310 per sq.ft, the guideline value amounts to Rs 23,10,000. The stamp duty at 7% would be Rs 1,61,700, while the registration fee at 2% would be Rs 46,200, bringing the total to Rs 2,07,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Berline Enclave Extension?

The Sub Registrar Office that covers Berline Enclave Extension is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

When buying or selling property in Perungalathur, the guideline value is a crucial factor used during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

The guideline value ensures that the property is valued fairly for tax purposes, and it is essential for buyers and sellers to be aware of this value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Berline Enclave Extension?

The current guideline value of Berline Enclave Extension is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase of +10% from Rs 2,100 per sq.ft in 2023 to Rs 2,310 per sq.ft in 2024. The value was Rs 1,407 per sq.ft in 2017 and Rs 2,100 per sq.ft in 2012.

What is the land classification for Berline Enclave Extension?

Berline Enclave Extension is classified as Residential Class II Type - I, which is relevant for determining its guideline value and usage.

Where can I find the Sub Registrar Office for Berline Enclave Extension?

The Sub Registrar Office for Berline Enclave Extension is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Berline Enclave Extension?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 23,10,000, the stamp duty would be Rs 1,61,700.