Guideline Value for Chennai Perambakkam salai

Chennai Perambakkam salai guideline value

The current guideline value for Chennai Perambakkam salai is Rs 426 per sq.ft, effective from 1 July 2024. This street is located in Ulunthai village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Chennai Perambakkam salai has changed

In the 2012 revision, the guideline value was Rs 425 per sq.ft. This figure saw a decrease to Rs 285 per sq.ft in the 2017 revision. From 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 426 per sq.ft. The 2023 revision maintained the same value of Rs 426 per sq.ft, and the 2024 revision has also set it at Rs 426 per sq.ft, resulting in no percentage change from 2023 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has seen no net change, remaining at Rs 426 per sq.ft. This reflects a stable valuation over the years, particularly after the fluctuations observed between 2012 and 2017.

Guideline values in Ulunthai

In Ulunthai village, there are 27 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 426 per sq.ft. The median value for these streets is Rs 150 per sq.ft, indicating that the guideline value for Chennai Perambakkam salai is above this median.

• Colony Street: Rs 150 per sq.ft (2024)
• Beauty Gardens: Rs 150 per sq.ft (2024)
• Bajanai Kovil Street: Rs 150 per sq.ft (2024)
• Gandhi Street: Rs 150 per sq.ft (2024)
• Green Areana: Rs 150 per sq.ft (2024)
• Green Medows: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Chennai Perambakkam salai

For a 1,000 sq.ft plot at the current guideline value of Rs 426 per sq.ft, the total guideline value would be Rs 4,26,000. The stamp duty at 7% would amount to Rs 29,820, and the registration fee at 2% would be Rs 8,520, resulting in a total of Rs 38,340. 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 Chennai Perambakkam salai?

The Sub Registrar Office that covers Chennai Perambakkam salai is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ulunthai. It serves as the benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on a standardized valuation of the property.

When a property transaction occurs, the guideline value helps determine the official value of the property for legal and tax purposes. This ensures transparency and uniformity in property transactions within the area.

Frequently asked questions

What is the current guideline value of Chennai Perambakkam salai?

The current guideline value of Chennai Perambakkam salai is Rs 426 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 426 per sq.ft. It was Rs 426 per sq.ft in 2023, Rs 285 per sq.ft in 2017, and Rs 425 per sq.ft in 2012.

What is the land classification for Chennai Perambakkam salai?

The land classification for Chennai Perambakkam salai is Residential Special Type - I, indicating its designated use for residential purposes.

Which Sub Registrar Office should I approach for transactions in Ulunthai?

The Sunguvarchattram Sub Registrar Office is the appropriate office for property transactions in Ulunthai. It is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Chennai Perambakkam salai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 29,820.