Guideline Value for Chennai Bangalore Road(Ward 13)

Chennai Bangalore Road(Ward 13) guideline value

The current guideline value for Chennai Bangalore Road (Ward 13) 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 Chennai Bangalore Road(Ward 13) has changed

The guideline value register for Chennai Bangalore Road (Ward 13) shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, in 2024, sets the guideline value at Rs 2,500 per sq.ft.

There have been no changes between the revisions listed above. The 2024 figure is the first recorded value for this street in the guideline value register.

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, with a median value of Rs 700 per sq.ft. The guideline value for Chennai Bangalore Road (Ward 13) is above this median.

• Chennai Bangalore NH (Ward11): Rs 2,500 per sq.ft (2024)
• Chennai Main Road (Ward6): Rs 2,500 per sq.ft (2024)
• Chetty Street: Rs 2,000 per sq.ft (2024)
• Chellaperumal Nagar Ist Street: Rs 700 per sq.ft (2024)
• Chellaperumal Nagar Ist Cross Street: Rs 700 per sq.ft (2024)
• Chellaperumal Nagar IInd Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Chennai Bangalore Road(Ward 13)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total 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, making the total fees Rs 2,25,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Chennai Bangalore Road(Ward 13)?

The Sub Registrar Office that covers Chennai Bangalore Road (Ward 13) 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 critical factor during the registration of properties in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees applicable to property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Chennai Bangalore Road (Ward 13)?

The current guideline value for Chennai Bangalore Road (Ward 13) is Rs 2,500 per sq.ft, effective from 1 July 2024.

What is the land classification for Chennai Bangalore Road (Ward 13)?

Chennai Bangalore Road (Ward 13) is classified as Commercial Class I Type - II under the Sriperumpudur SRO.

How has the guideline value changed over the years for this street?

There have been no recorded figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The 2024 revision marks the first recorded guideline value of Rs 2,500 per sq.ft for this street.

What are the stamp duty and registration fees for properties on this road?

For a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000 and the registration fee would be Rs 50,000, totaling Rs 2,25,000. Duty is based on the higher of the guideline value or the sale price.

Which office handles the registration for Chennai Bangalore Road (Ward 13)?

The Sriperumpudur Sub Registrar Office handles registrations for Chennai Bangalore Road (Ward 13), located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.