Guideline Value for Chandrasekaran Salai

Chandrasekaran Salai guideline value

The current guideline value of Chandrasekaran Salai is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village, under the Sembiam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Chandrasekaran Salai has changed

The guideline value for Chandrasekaran Salai has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it dropped to Rs 1,675 per sq.ft in 2017. The value then rose to Rs 2,500 per sq.ft in 2023, before reaching the current figure of Rs 2,700 per sq.ft in 2024. The register has no figure for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%, while the value saw a decrease of 33% from 2012 to 2017. The most significant jump occurred from 2007 to 2012, with an increase of 150%. Overall, the guideline value has increased by 170% from 2007 to 2024.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft, with a median value of Rs 3,301 per sq.ft. The guideline value for Chandrasekaran Salai is below this median.

• Chandran Street (Vetri Nagar): Rs 3,301 per sq.ft (2024)
• Chandran Lane (Vetri Nagar): Rs 3,301 per sq.ft (2024)
• Chelliamman Colony 1st Cross Street: Rs 2,700 per sq.ft (2024)
• Chelliamman Colony 1st Street: Rs 2,700 per sq.ft (2024)
• Chelliamman Colony 2nd Street: Rs 2,700 per sq.ft (2024)
• Chelliamman Koil 1st Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Chandrasekaran Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Chandrasekaran Salai?

The Sub Registrar Office that covers Chandrasekaran Salai is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Peravallur. It is used to determine the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating prices to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate stamp duty and registration fees. This ensures that the transaction is recorded accurately and legally, reflecting the value of the property as per the government’s assessment.

Frequently asked questions

What is the current guideline value of Chandrasekaran Salai?

The current guideline value of Chandrasekaran Salai is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 170% over the years.

What is the registration office for Chandrasekaran Salai?

The registration office for Chandrasekaran Salai is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

Are there other streets in Peravallur with similar guideline values?

Yes, several other streets in Peravallur have guideline values around Rs 2,700 per sq.ft, such as Chelliamman Colony 1st Cross Street, Chelliamman Colony 1st Street, Chelliamman Colony 2nd Street, and Chelliamman Koil 1st Street.

How is stamp duty calculated for properties in Chandrasekaran Salai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value incurs a stamp duty of Rs 1,89,000.