Guideline Value for Chennai Main Road (Ward6)

Chennai Main Road (Ward6) guideline value

The current guideline value of Chennai Main Road (Ward6) is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Chennai Main Road (Ward6) has changed

The guideline value register for Chennai Main Road (Ward6) has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 2,500 per sq.ft.

There have been no changes in the guideline value between the revisions listed above. The 2024 figure is the only value recorded for this street in the current 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 of Chennai Main Road (Ward6) is above this median.

• Chennai Bangalore Road(Ward 13): Rs 2,500 per sq.ft (2024)
• Chennai Bangalore NH (Ward11): 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 Main Road (Ward6)

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, resulting in a total of Rs 2,25,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Chennai Main Road (Ward6)?

The Sub Registrar Office that covers Chennai Main Road (Ward6) is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor in the registration process of property transactions in Sriperumbudur A. It serves as a benchmark for determining the amount of stamp duty and registration fees payable during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the official value set by the registration authorities. This helps in maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value for Chennai Main Road (Ward6)?

The current guideline value for Chennai Main Road (Ward6) is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only recorded value is from the 2024 revision, which is Rs 2,500 per sq.ft.

What is the land classification for Chennai Main Road (Ward6)?

Chennai Main Road (Ward6) is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for Chennai Main Road (Ward6)?

The Sub Registrar Office for Chennai Main Road (Ward6) is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Chennai Main Road (Ward6)?

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 stamp duty of Rs 1,75,000.