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Guideline Value

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Guideline Value for CHINNAYYA NEW COLONY LINK (INAIPPU) STREET

₹4900/sq.ft.

The guideline value for Chinnayya New Colony Link (inaippu) Street in Perambur village (Purasaivakkam SRO, Chennai zone) is Rs 4900 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perambur

Village

Purasaivakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4900 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹550 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Chinnayya New Colony Link (inaippu) Street

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Chinnayya New Colony Link (Inaippu) Street guideline value

The current guideline value of Chinnayya New Colony Link (Inaippu) Street is Rs 4,900 per sq.ft. This street is located in Perambur village, under the Purasaivakkam SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Chinnayya New Colony Link (Inaippu) Street has changed

The guideline value for Chinnayya New Colony Link (Inaippu) Street has undergone several revisions over the years. Starting from the 2003 revision, the value was Rs 550 per sq.ft. This increased to Rs 700 per sq.ft in the 2007 revision, followed by a significant jump to Rs 4,500 per sq.ft in the 2012 revision. However, it decreased to Rs 3,015 per sq.ft in the 2017 revision. The 2023 revision saw it rise to Rs 4,500 per sq.ft, and the most recent 2024 revision set it at Rs 4,900 per sq.ft.

In terms of percentage changes, from 2003 to 2007, there was a +27% increase, followed by a remarkable +543% from 2007 to 2012. The value then dropped by -33% from 2012 to 2017. After that, there was a +49% increase from 2017 to 2023, and finally, a +9% increase from 2023 to 2024. The overall change from 2003 to 2024 is +791%. It is important to note that the register has no figure for this street in 2002.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, indicating that Chinnayya New Colony Link (Inaippu) Street's 2024 figure is above this median.

Stamp duty and registration fee for property in Chinnayya New Colony Link (Inaippu) Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total cost for these fees to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnayya New Colony Link (Inaippu) Street?

The Sub Registrar Office that covers Chinnayya New Colony Link (Inaippu) 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 during the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid based on the property's value.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that all transactions are conducted transparently and in accordance with the established values set by the Registration Department.

Frequently asked questions

What is the current guideline value of Chinnayya New Colony Link (Inaippu) Street?

The current guideline value of Chinnayya New Colony Link (Inaippu) Street is Rs 4,900 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2003 to Rs 4,900 per sq.ft in 2024, showing an overall increase of +791% over the years.

What are the other streets in Perambur with the same guideline value?

Other streets in Perambur also have a guideline value of Rs 4,900 per sq.ft in 2024, including Chinnayya New Colony 4th Street, Chinnayya Street, Chinnayya New Colony 3rd Street, Chinnayya New Colony 2nd Street, Chinnayya New Colony 2nd Main Road, and Chinnayya New Colony 1st Street.

What is the stamp duty rate for property in this area?

The stamp duty rate for property transactions in this area is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Chinnayya New Colony Link (Inaippu) Street located?

The Sub Registrar Office for Chinnayya New Colony Link (Inaippu) Street is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, under the Purasaivakkam SRO.