Guideline Value

Corporate

Guideline Value for NEW FARRONS ROAD 3RD LANE

₹3300/sq.ft.

The guideline value for New Farrons Road 3rd 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 3rd Lane

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New Farrons Road 3rd Lane guideline value

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

How the guideline value of New Farrons Road 3rd Lane has changed

The guideline value for New Farrons Road 3rd Lane has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 1,800 per sq.ft. The value increased to Rs 3,000 per sq.ft in the 2012 revision, which represented a 67% increase. However, in the 2017 revision, the value decreased to Rs 2,010 per sq.ft, marking a decline of 33%. The value then rose significantly to Rs 3,000 per sq.ft in the 2023 revision, and most recently, it has been set at Rs 3,300 per sq.ft for the 2024 revision, reflecting a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 83%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry 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 of New Farrons Road 3rd Lane is above this median.

Stamp duty and registration fee for property in New Farrons Road 3rd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be 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, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Farrons Road 3rd Lane?

The Sub Registrar Office covering New Farrons Road 3rd Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Perambur

The guideline value is a crucial factor during the registration of property transactions in Perambur. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when acquiring property.

When selling property, the guideline value helps determine the minimum price at which the property can be registered. It ensures that transactions are recorded at a value that reflects the prevailing market conditions, as set by the government.

Frequently asked questions

What is the current guideline value of New Farrons Road 3rd Lane?

The current guideline value of New Farrons Road 3rd 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, representing an overall increase of 83%.

What is the land classification of New Farrons Road 3rd Lane?

New Farrons Road 3rd Lane is classified as Commercial Class I Type - III.

Where can I find the registration office for New Farrons Road 3rd Lane?

The registration office for New Farrons Road 3rd Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in New Farrons Road 3rd Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.