Guideline Value for Building Society Land Acquisation Road

Building Society Land Acquisation Road guideline value

The current guideline value of Building Society Land Acquisation Road is Rs 2,700 per sq.ft, effective from 1 July 2024. This road is located in Peravallur village under the Sembiam SRO, classified as Residential Class I Type - I.

How the guideline value of Building Society Land Acquisation Road has changed

The guideline value for Building Society Land Acquisation Road has seen several revisions over the years. In 2002, the guideline value was Rs 497 per sq.ft, which increased to Rs 541 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2007, and then to Rs 2,500 per sq.ft in 2012. However, it dropped to Rs 1,675 per sq.ft in 2017 before increasing to Rs 2,500 per sq.ft in 2023, and finally reaching Rs 2,700 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%. The jump from 2012 to 2017 saw a decrease of 33%, while the period from 2007 to 2012 experienced a substantial increase of 150%. Additionally, the value rose by 85% from 2003 to 2007 and by 9% from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 443%. There are no figures available for any other revisions for this street.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft, with a median value of Rs 3,301 per sq.ft. The guideline value of Building Society Land Acquisation Road is below this median.

• Boopathi Street (Vetri Nagar): Rs 3,301 per sq.ft (2024)
• Chakarapani Thottam: Rs 2,700 per sq.ft (2024)
• Chandran Lane (Vetri Nagar): Rs 3,301 per sq.ft (2024)
• Chandran Street (Vetri Nagar): Rs 3,301 per sq.ft (2024)
• Chandrasekaran Salai: Rs 2,700 per sq.ft (2024)
• Chelliamman Colony 1st Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Building Society Land Acquisation Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Building Society Land Acquisation Road?

The Sub Registrar Office that covers Building Society Land Acquisation Road is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Peravallur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these fees are based on the official valuation of the property.

When buying or selling property, the guideline value helps in determining the minimum price at which the property can be registered. Buyers should be aware that the stamp duty and registration fees will be charged based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Building Society Land Acquisation Road?

The current guideline value of Building Society Land Acquisation Road is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 497 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 443% over this period.

What is the stamp duty for property in Building Society Land Acquisation Road?

The stamp duty for property in Building Society Land Acquisation Road is 7% of the guideline value or sale price, whichever is higher.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

What are the guideline values for other streets in Peravallur?

Other streets in Peravallur have varying guideline values, with rates ranging from Rs 2,200 to Rs 7,100 per sq.ft, with the median being Rs 3,301 per sq.ft.