Guideline Value for EM.PERUMAL STREET

Em.Perumal Street guideline value

The current guideline value of Em.Perumal Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO, classified as Residential Class IV Type - I.

How the guideline value of Em.Perumal Street has changed

The guideline value for Em.Perumal Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,700 per sq.ft, an increase from the 2023 revision, which was Rs 1,500 per sq.ft. This change represents a 13% increase from the previous year.

Prior to the 2023 revision, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street. Therefore, the only figures we have are from the 2023 and 2024 revisions.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. Em.Perumal Street's 2024 guideline value is below this median.

• Emarld Garden: Rs 2,200 per sq.ft (2024)
• Eraikudi Street (Grama Nedunchalai 32nd Cross Street): Rs 2,200 per sq.ft (2024)
• Erikarai Salai: Rs 1,700 per sq.ft (2024)
• Ellen Sharma School Street: Rs 3,300 per sq.ft (2024)
• Ellammal Thottam: Rs 1,700 per sq.ft (2024)
• Eswaran Koil 1st Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Em.Perumal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. It is important to note that 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 Em.Perumal Street?

The Sub Registrar Office that covers Em.Perumal Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor when registering property transactions in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on the official valuation rather than the sale price alone. This helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Em.Perumal Street?

The current guideline value of Em.Perumal Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,500 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024, reflecting a 13% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the stamp duty rate for properties in Em.Perumal Street?

The stamp duty rate for properties in Em.Perumal Street is 7% of the guideline value or the sale price, whichever is higher. This is applicable at the time of registration.

Where is the Neelankarai SRO located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value for streets in Sholinganallur - 1?

The median guideline value for streets in Sholinganallur - 1 is Rs 2,200 per sq.ft, with Em.Perumal Street's value being below this median at Rs 1,700 per sq.ft.