Guideline Value for Burial Ground Salai

Burial Ground Salai guideline value

The current guideline value of Burial Ground Salai is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Residential Class III Type - II.

How the guideline value of Burial Ground Salai has changed

The guideline value for Burial Ground Salai has undergone several revisions over the years. The earliest recorded figure is from 2002, with a value of Rs 627 per sq.ft. This increased to Rs 692 per sq.ft in 2003, marking a 10% rise. By 2007, the value jumped significantly to Rs 1,200 per sq.ft, reflecting a 73% increase. The 2012 revision saw the value rise to Rs 3,100 per sq.ft, a substantial increase of 158% from the previous revision. However, in 2017, the guideline value dropped to Rs 2,077 per sq.ft, a decrease of 33%. The value then rose again to Rs 3,100 per sq.ft in 2023, before reaching the current figure of Rs 3,400 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 442%. There are no figures available for revisions in years other than those mentioned.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, 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, placing Burial Ground Salai's 2024 figure below this median.

• CasaMajor 1st lane: Rs 9,300 per sq.ft (2024)
• CasaMajor 2nd lane: Rs 9,300 per sq.ft (2024)
• CasaMajor 3rd lane: Rs 9,300 per sq.ft (2024)
• CasaMajor Road(MainRoad): Rs 13,400 per sq.ft (2024)
• Brindavanam street: Rs 3,400 per sq.ft (2024)
• Brindavanam 6th street: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Burial Ground Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value would be Rs 34,00,000. The stamp duty at 7% would amount to Rs 2,38,000, while the registration fee at 2% would be Rs 68,000. Together, the total fees would be Rs 3,06,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Burial Ground Salai?

The Burial Ground Salai falls under 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 is a crucial factor when it comes to property transactions in Egmore. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. This helps in establishing a fair transaction value and ensures compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Burial Ground Salai?

The current guideline value of Burial Ground Salai is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 627 per sq.ft in 2002 to the current Rs 3,400 per sq.ft in 2024, reflecting an overall increase of 442% over this period.

What is the land classification of Burial Ground Salai?

Burial Ground Salai is classified as Residential Class III Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Burial Ground Salai?

The Sub Registrar Office for Burial Ground Salai is located at 1103, Poonamallee High Road, Chennai-600 003, under the Periamet SRO.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, for a property valued at Rs 34,00,000, the total fees would amount to Rs 3,06,000.