Guideline Value for DESI COLONY (A) DESIYA COLONY

Desi Colony (A) Desiya Colony guideline value

The current guideline value of Desi Colony (A) Desiya Colony is Rs 5,400 per sq.ft, effective from 1 July 2024. This area is located in Perambur village and falls under the Purasaivakkam SRO. The land classification for this region is Residential Class I Type - I.

How the guideline value of Desi Colony (A) Desiya Colony has changed

Over the years, the guideline value for Desi Colony (A) Desiya Colony has seen significant changes. In 2003, the guideline value was Rs 635 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007. This was followed by a substantial rise to Rs 5,000 per sq.ft in 2012, before dropping to Rs 3,350 per sq.ft in 2017. The value then increased to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,400 per sq.ft from the 2024 revision. The register has no figure for this street in 2002.

The changes between the revisions illustrate a varied trajectory. From 2003 to 2007, the guideline value increased by 57%. However, it saw a significant jump of 400% from 2007 to 2012. The value then decreased by 33% from 2012 to 2017, before witnessing a 49% increase from 2017 to 2023. The latest revision from 2023 to 2024 marks an 8% rise, culminating in an overall increase of 750% from 2003 to 2024.

Guideline values in Perambur

In Perambur village, there are 1114 streets under the Purasaivakkam SRO, with 2024 guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Desi Colony (A) Desiya Colony's 2024 figure above that median.

• Desikanantha Puram 1st Street: Rs 2,200 per sq.ft (2024)
• Desikanantha Puram 2nd Street: Rs 2,200 per sq.ft (2024)
• Desikanantha Puram Power Line: Rs 2,200 per sq.ft (2024)
• Decoster (Road) Street: Rs 4,900 per sq.ft (2024)
• Decoster Road 2nd Street: Rs 4,300 per sq.ft (2024)
• Decoster Road 1st Street: Rs 4,300 per sq.ft (2024)

Stamp duty and registration fee for property in Desi Colony (A) Desiya Colony

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. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Desi Colony (A) Desiya Colony?

The Sub Registrar Office that covers Desi Colony (A) Desiya Colony is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Perambur. It is used to determine the stamp duty and registration fees that buyers must pay during the registration process. The guideline value is set by the government and reflects the market rate of properties in the area.

When a property is sold, the buyer is required to pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, regardless of the actual sale price.

Frequently asked questions

What is the current guideline value of Desi Colony (A) Desiya Colony?

The current guideline value of Desi Colony (A) Desiya Colony 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 from Rs 635 per sq.ft in 2003 to Rs 5,400 per sq.ft in 2024, marking an overall increase of 750% over this period.

What is the registration office for Desi Colony (A) Desiya Colony?

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

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is currently set at 7% of the guideline value or the sale price, whichever is higher.

Are there other streets in Perambur with different guideline values?

Yes, there are other streets in Perambur with varying guideline values. For example, Desikanantha Puram 1st Street has a guideline value of Rs 2,200 per sq.ft, while Decoster (Road) Street has a value of Rs 4,900 per sq.ft in 2024.