Guideline Value for CHEYYUR PARTHASARATHY STREET

Cheyyur Parthasarathy Street guideline value

The current guideline value of Cheyyur Parthasarathy Street is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Cheyyur Parthasarathy Street has changed

The guideline value for Cheyyur Parthasarathy Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 514 per sq.ft. This increased to Rs 564 per sq.ft in 2003, marking a 10% rise. The value then saw a significant increase to Rs 800 per sq.ft in 2007, which was a 42% change. In 2012, the value returned to Rs 4,000 per sq.ft, reflecting a decrease of 400%. The 2017 revision set the guideline value at Rs 2,680 per sq.ft, which was a 33% drop from the previous figure. Following this, the 2023 revision recorded an increase to Rs 4,000 per sq.ft, and the current 2024 revision has set it at Rs 4,300 per sq.ft, an 8% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 737%. There are no figures available for the revisions in years not listed in the register.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that have a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, placing Cheyyur Parthasarathy Street's 2024 figure above this median.

• Chengan Street: Rs 1,600 per sq.ft (2024)
• Chinna Sembarambakkam Road: Rs 4,300 per sq.ft (2024)
• Chinna Sembarambakkam Street: Rs 4,300 per sq.ft (2024)
• Chinnathambi Naicken Street: Rs 4,300 per sq.ft (2024)
• Chinnayya Mudali 1st Cross Street: Rs 4,900 per sq.ft (2024)
• Chinnayya Mudali 2nd Cross Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Cheyyur Parthasarathy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value would be Rs 43,00,000. The stamp duty at 7% would amount to Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, bringing the total to Rs 3,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cheyyur Parthasarathy Street?

The Sub Registrar Office that covers Cheyyur Parthasarathy 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 is a crucial factor when registering property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in the official records.

When buying or selling property, the guideline value will influence the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Cheyyur Parthasarathy Street?

The current guideline value of Cheyyur Parthasarathy Street is Rs 4,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 514 per sq.ft to Rs 4,300 per sq.ft in 2024, marking an overall increase of 737%.

What is the land classification for Cheyyur Parthasarathy Street?

Cheyyur Parthasarathy Street is classified as Residential Class II Type - I.

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

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 3,87,000.