Guideline Value

Corporate

Guideline Value for NEW FARRONS ROAD 2ND LANE

₹3300/sq.ft.

The guideline value for New Farrons Road 2nd Lane in Perambur village (Purasaivakkam SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perambur

Village

Purasaivakkam

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /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 New Farrons Road 2nd Lane

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New Farrons Road 2nd Lane guideline value

The current guideline value of New Farrons Road 2nd Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Commercial Class I Type - III.

How the guideline value of New Farrons Road 2nd Lane has changed

The guideline value for New Farrons Road 2nd Lane has seen several revisions over the years. The earliest recorded value is from 2007, set at Rs 1,800 per sq.ft. This increased to Rs 3,000 per sq.ft in 2012, marking a 67% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value then saw significant growth, reaching Rs 3,000 per sq.ft in 2023, followed by a further increase to Rs 3,300 per sq.ft in 2024, which is a 10% rise from the previous year.

There are no recorded figures for New Farrons Road 2nd Lane in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 83%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, making the 2024 figure for New Farrons Road 2nd Lane above this median.

Stamp duty and registration fee for property in New Farrons Road 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers New Farrons Road 2nd Lane?

The Sub Registrar Office covering New Farrons Road 2nd Lane 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 an essential factor during property registration in Perambur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value influences the stamp duty and registration fees payable. Buyers should be aware that these costs are calculated based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of New Farrons Road 2nd Lane?

The current guideline value of New Farrons Road 2nd Lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 83% over the years.

What are the other streets in Perambur with similar guideline values?

Other streets in Perambur with similar guideline values include New Farrons Road 1st Lane, New Farrons Road 3rd Lane, and New Farrons Road 4th Lane, all at Rs 3,300 per sq.ft in 2024.

What is the registration fee for properties in New Farrons Road 2nd Lane?

The registration fee for properties in New Farrons Road 2nd Lane is 2% of the guideline value, which can be calculated using the total guideline value of the property.

Where can I find the Sub Registrar Office for New Farrons Road 2nd Lane?

The Sub Registrar Office for New Farrons Road 2nd Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.