Guideline Value

Corporate

Guideline Value for EAST AVENUE ASSOCIATION QUARTERS

₹4900/sq.ft.

The guideline value for East Avenue Association Quarters in Perambur village (Purasaivakkam SRO, Chennai zone) is Rs 4900 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perambur

Village

Purasaivakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4900 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹477 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹435 /sq.ft.
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 East Avenue Association Quarters

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East Avenue Association Quarters guideline value

The current guideline value of East Avenue Association Quarters is Rs 4,900 per sq.ft, effective from 1 July 2024. This property is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class I Type - II.

How the guideline value of East Avenue Association Quarters has changed

The guideline value for East Avenue Association Quarters has seen several revisions over the years. The earliest recorded figure in 2002 was Rs 435 per sq.ft, which increased to Rs 477 per sq.ft in 2003. Following this, the value rose significantly to Rs 800 per sq.ft in 2007, marking an increase of 68%. In 2012, the guideline value was Rs 4,500 per sq.ft, which then dropped to Rs 3,015 per sq.ft in 2017, reflecting a decrease of 33%. The value continued to rise, reaching Rs 4,500 per sq.ft in 2023 and finally Rs 4,900 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1026%. There are no figures available for revisions in the years not listed above for this street.

Guideline values in Perambur

In Perambur village, 1114 streets under the Purasaivakkam SRO have a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for East Avenue Association Quarters is above this median.

Stamp duty and registration fee for property in East Avenue Association Quarters

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers East Avenue Association Quarters?

The East Avenue Association Quarters falls under the jurisdiction of 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 the registration process when buying or selling property in Perambur. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market conditions as determined by the government. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of East Avenue Association Quarters?

The current guideline value of East Avenue Association Quarters is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 435 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, reflecting an increase of 1026% over this period.

What is the stamp duty for properties in East Avenue Association Quarters?

The stamp duty for properties in East Avenue Association Quarters is 7% of the guideline value or sale price, whichever is higher.

Where is the Purasaivakkam Sub Registrar Office located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What other streets in Perambur have guideline values?

Other streets in Perambur with guideline values include D.T.P Road at Rs 3,200 per sq.ft, Eden Garden at Rs 4,300 per sq.ft, and Dr. Ram Street at Rs 2,200 per sq.ft, among others.