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Guideline Value

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Guideline Value for E.V.R.PERIYAR HIGH ROAD (A) POONAMALLE HIGH ROAD

₹18100/sq.ft.

The guideline value for E.v.r.periyar High Road (a) Poonamalle High Road in Purasaivakkam village (Purasaivakkam SRO, Chennai zone) is Rs 18100 per sq.ft, effective 1 July 2024. It was Rs 16500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Purasaivakkam

Village

Purasaivakkam

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹18100 /sq.ft.
From 1-4-2023 ₹16500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹11055 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹16500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹16500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on E.v.r.periyar High Road (a) Poonamalle High Road

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E.V.R.Periyar High Road (A) Poonamalle High Road guideline value

The current guideline value for E.V.R.Periyar High Road (A) Poonamalle High Road is Rs 18,100 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village and falls under the Purasaivakkam SRO. The land classification for this area is Commercial Special Type - I.

How the guideline value of E.V.R.Periyar High Road (A) Poonamalle High Road has changed

The guideline value for E.V.R.Periyar High Road (A) Poonamalle High Road has seen several revisions over the years. In 2007, the value was Rs 16,500 per sq.ft, which remained unchanged until the 2012 revision, where it also stood at Rs 16,500 per sq.ft. However, in 2017, the guideline value dropped to Rs 11,055 per sq.ft. This marked a significant decrease of 33%. The value then increased to Rs 16,500 per sq.ft in 2023, showing a substantial rise of 49% from the previous revision. The current guideline value in 2024 is Rs 18,100 per sq.ft, reflecting a 10% increase from 2023.

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 10%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value for the area is Rs 5,500 per sq.ft, placing E.V.R.Periyar High Road (A) Poonamalle High Road above this median.

Stamp duty and registration fee for property in E.V.R.Periyar High Road (A) Poonamalle High Road

For a 1,000 sq.ft plot at the current rate of Rs 18,100 per sq.ft, the guideline value amounts to Rs 1,81,00,000. The stamp duty at 7% would be Rs 12,67,000, and the registration fee at 2% would be Rs 3,62,000, totaling Rs 16,29,000. It is important to note that 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 E.V.R.Periyar High Road (A) Poonamalle High Road?

The Sub Registrar Office that covers E.V.R.Periyar High Road (A) Poonamalle High Road 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 Purasaivakkam

The guideline value plays a crucial role in the registration process of property transactions in Purasaivakkam. It is used to determine the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value for E.V.R.Periyar High Road (A) Poonamalle High Road?

The current guideline value for E.V.R.Periyar High Road (A) Poonamalle High Road is Rs 18,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 16,500 per sq.ft in 2007 to Rs 11,055 per sq.ft in 2017, then increased to Rs 16,500 per sq.ft in 2023, and is now Rs 18,100 per sq.ft in 2024.

What is the land classification for this street?

The land classification for E.V.R.Periyar High Road (A) Poonamalle High Road is Commercial Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering E.V.R.Periyar High Road (A) Poonamalle High Road is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,81,00,000, the stamp duty would be Rs 12,67,000.