Guideline Value for Bypass Road (Ward 2)

Bypass Road (Ward 2) guideline value

The current guideline value of Bypass Road (Ward 2) is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village under the Sriperumpudur SRO, classified as Commercial Class I Type - II.

How the guideline value of Bypass Road (Ward 2) has changed

The guideline value register for Bypass Road (Ward 2) shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision available is from 2024, which is Rs 2,500 per sq.ft.

Since there are no figures for the previous revisions, it can be concluded that the guideline value has remained unchanged for this street across the years.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, placing Bypass Road (Ward 2) above this median.

• Buvaneshwari Nagar: Rs 400 per sq.ft (2024)
• Casa Grande Futura: Rs 1,200 per sq.ft (2024)
• Chanduvazhi Amman Koil Street: Rs 1,000 per sq.ft (2024)
• Chekkadi Street: Rs 700 per sq.ft (2024)
• Chellaperumal Nagar: Rs 700 per sq.ft (2024)
• Chellaperumal Nagar IIIrd Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Bypass Road (Ward 2)

For a 1,000 sq.ft plot at the current rate of Rs 2,500 per sq.ft, the guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, totaling Rs 2,25,000. 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 Bypass Road (Ward 2)?

The Sub Registrar Office that covers Bypass Road (Ward 2) is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Sriperumbudur A, as it determines the minimum value at which a property can be registered. It is used to calculate the stamp duty and registration fees applicable during the sale or purchase of properties.

When buying or selling property, the guideline value ensures that the transaction reflects a fair valuation as per the government standards, helping to curb undervaluation and tax evasion. It is important for both buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Bypass Road (Ward 2)?

The current guideline value of Bypass Road (Ward 2) is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The register shows no figures for Bypass Road (Ward 2) for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,500 per sq.ft.

What is the classification of Bypass Road (Ward 2)?

Bypass Road (Ward 2) is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

What are the stamp duty rates applicable?

The stamp duty rate applicable for properties in Bypass Road (Ward 2) is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bypass Road (Ward 2)?

The Sub Registrar Office covering Bypass Road (Ward 2) is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.