Guideline Value

Corporate

Guideline Value for JOSEPH TECHNICAL INSTITUTE

₹2200/sq.ft.

The guideline value for Joseph Technical Institute in Perambur village (Purasaivakkam SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perambur

Village

Purasaivakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹369 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹336 /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 Joseph Technical Institute

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Joseph Technical Institute guideline value

The current guideline value for the Joseph Technical Institute is Rs 2,200 per sq.ft, effective from 1 July 2024. It is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Joseph Technical Institute has changed

The guideline value for the Joseph Technical Institute has seen significant changes over the years. In 2002, the guideline value was Rs 336 per sq.ft. This increased to Rs 369 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 500 per sq.ft in 2007, which was a substantial increase of 36%. Following this, the value surged to Rs 2,000 per sq.ft in 2012, reflecting a 300% increase. However, it saw a decrease to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value then increased to Rs 2,000 per sq.ft in 2023, and most recently, it has risen to Rs 2,200 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 555%. The register has no figures for the years not listed in this article.

Guideline values in Perambur

In Perambur, the 2024 guideline values for streets under the Purasaivakkam SRO range 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 Joseph Technical Institute is below this median.

Stamp duty and registration fee for property in Joseph Technical Institute

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Joseph Technical Institute?

The Joseph Technical Institute 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 property transactions in Perambur. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. Buyers and sellers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to understand that the guideline value reflects the government's assessment of property worth in a particular area. This value is regularly updated to ensure it remains relevant to current market conditions.

Frequently asked questions

What is the current guideline value for Joseph Technical Institute?

The current guideline value for Joseph Technical Institute 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 changed significantly, increasing from Rs 336 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, which is an overall increase of 555%.

What is the registration office for Joseph Technical Institute?

The registration office for Joseph Technical Institute is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Joseph Technical Institute?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,200 per sq.ft, the stamp duty would be Rs 1,54,000.

What are the guideline values for other streets in Perambur?

The guideline values for other streets in Perambur vary, with rates ranging from Rs 1,600 to Rs 7,100 per sq.ft. For instance, J.J.Road has a guideline value of Rs 3,800 per sq.ft.