Guideline Value for COOKS (ROAD) STREET

Cooks (Road) Street guideline value

The current guideline value of Cooks (Road) Street is Rs 5,400 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 I Type - I.

How the guideline value of Cooks (Road) Street has changed

The guideline value for Cooks (Road) Street has experienced significant changes over the years. In 2003, the value was Rs 558 per sq.ft, which increased to Rs 800 per sq.ft in 2007. The 2012 revision saw a further increase to Rs 5,000 per sq.ft, but by 2017, it dropped to Rs 3,350 per sq.ft. Following this, the value rose to Rs 5,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 5,400 per sq.ft. Notably, there is no figure available for this street in the 2002 revision.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 8%. The 2007 to 2012 period saw a remarkable increase of 525%, while the 2003 to 2007 period had a 43% increase. Overall, from 2003 to 2024, the guideline value has increased by 868%.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry 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, placing Cooks (Road) Street's 2024 figure above this median.

• C.P.T Colony: Rs 3,800 per sq.ft (2024)
• Damodaran Nagar: Rs 2,700 per sq.ft (2024)
• Damodaran Nagar 1st Cross Street: Rs 2,700 per sq.ft (2024)
• Damodaran Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Damodaran Nagar 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• Damodaran Nagar 2nd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Cooks (Road) Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,400 per sq.ft, the total guideline value amounts to Rs 54,00,000. The stamp duty at 7% would be Rs 3,78,000, and the registration fee at 2% would be Rs 1,08,000, bringing the total to Rs 4,86,000. 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 Cooks (Road) Street?

The Sub Registrar Office that covers Cooks (Road) 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 buying or selling property in Perambur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When a buyer purchases a property, the registration office uses the guideline value to ensure that the transaction is recorded accurately, reflecting the property's worth according to the government's valuation. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Cooks (Road) Street?

The current guideline value of Cooks (Road) Street is Rs 5,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 558 per sq.ft in 2003 to Rs 5,400 per sq.ft in 2024, reflecting an overall increase of 868% over this period.

What is the land classification for Cooks (Road) Street?

Cooks (Road) Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for Cooks (Road) Street?

The registration office for Cooks (Road) Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Cooks (Road) Street?

Stamp duty is 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 results in a total of Rs 54,00,000, with applicable stamp duty and registration fees calculated accordingly.