Guideline Value for ENGINEER SAMBANDAM STREET

Engineer Sambandam Street guideline value

The current guideline value of Engineer Sambandam Street is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Engineer Sambandam Street has changed

The guideline value for Engineer Sambandam Street has undergone several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease to Rs 2,680 per sq.ft. The value then rose sharply to Rs 4,000 per sq.ft in 2023, marking a 49% increase from the previous revision. The current value of Rs 4,300 per sq.ft as of 2024 represents an 8% increase from 2023.

The guideline value register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 617%.

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. The median value is Rs 2,700 per sq.ft, making the current value of Engineer Sambandam Street above this median.

• Engineer Shankaran Street: Rs 4,900 per sq.ft (2024)
• Erukkancheri Lane: Rs 6,500 per sq.ft (2024)
• Erukkanchery High Road (From Market To Sharma Nagar): Rs 6,500 per sq.ft (2024)
• Erukkanchery Road & Lane: Rs 6,500 per sq.ft (2024)
• Erukkanchery Sidco Area: Rs 6,600 per sq.ft (2024)
• Elegen Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Engineer Sambandam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value amounts to Rs 43,00,000. The stamp duty at 7% would be Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, bringing the total to Rs 3,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Engineer Sambandam Street?

The Sub Registrar Office covering Engineer Sambandam Street 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 element in the property registration process in Perambur. It serves as the basis for calculating stamp duty and registration fees, ensuring that both the buyer and seller are aware of the official value assigned to the property.

When buying or selling property, the guideline value helps in determining the legal obligations related to registration. It is essential for both parties to understand this value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Engineer Sambandam Street?

The current guideline value of Engineer Sambandam Street is Rs 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 4,300 per sq.ft in 2024, reflecting a total increase of 617% over the years.

What is the stamp duty for property in Engineer Sambandam Street?

The stamp duty for property in Engineer Sambandam Street is calculated at 7% of the guideline value or sale price, whichever is higher.

What is the registration fee for property transactions?

The registration fee for property transactions in Engineer Sambandam Street is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Engineer Sambandam Street located?

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