Guideline Value for DESIKANANTHA PURAM POWER LINE

Desikanantha Puram Power Line guideline value

The current guideline value for Desikanantha Puram Power Line is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Desikanantha Puram Power Line has changed

The guideline value for Desikanantha Puram Power Line has seen several revisions over the years. In the 2007 revision, the value was Rs 500 per sq.ft, which increased dramatically to Rs 2,000 per sq.ft in 2012, marking a 300% increase. However, it decreased to Rs 1,340 per sq.ft in the 2017 revision, a decline of 33%. The value then rose significantly to Rs 2,000 per sq.ft in the 2023 revision, and most recently, it has increased to Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, where the median value is Rs 2,700 per sq.ft. The guideline value for Desikanantha Puram Power Line is below this median.

• Desikanantha Puram 2nd Street: Rs 2,200 per sq.ft (2024)
• Desikanantha Puram 1st Street: Rs 2,200 per sq.ft (2024)
• Desi Colony (A) Desiya Colony: Rs 5,400 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 Desikanantha Puram Power Line

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Desikanantha Puram Power Line?

The Sub Registrar Office that covers Desikanantha Puram Power Line is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the property's assessed value, which is essential for maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value for Desikanantha Puram Power Line?

The current guideline value for Desikanantha Puram Power Line is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, increasing from Rs 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024. Significant changes include a 300% increase from 2007 to 2012 and a 10% increase from 2023 to 2024.

What is the median guideline value in Perambur?

The median guideline value for streets in Perambur under the Purasaivakkam SRO is Rs 2,700 per sq.ft. Desikanantha Puram Power Line's guideline value is below this median.

What are the stamp duty and registration fees for properties in Desikanantha Puram Power Line?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Desikanantha Puram Power Line located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. This office handles the registration of properties in the area.