Guideline Value

Corporate

Guideline Value for NEW FARRONS ROAD 4TH LANE

₹3300/sq.ft.

The guideline value for New Farrons Road 4th 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 4th Lane

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New Farrons Road 4th Lane guideline value

The current guideline value of New Farrons Road 4th 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 4th Lane has changed

The guideline value for New Farrons Road 4th Lane has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 3,000 per sq.ft. Prior to that, in 2017, the value was Rs 2,010 per sq.ft, marking a significant increase of 49% over the six years leading up to 2023. The 2012 revision also recorded a value of Rs 3,000 per sq.ft, which was a decrease of 33% from the 2017 figure. In 2007, the value was Rs 1,800 per sq.ft, showing a substantial increase of 67% to reach the 2012 level.

There are no figures available for the revisions in 2002 and 2003 for this street. 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 that have 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 4th Lane is above this median.

Stamp duty and registration fee for property in New Farrons Road 4th 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 amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost for these fees 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.

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

Which Sub Registrar Office covers New Farrons Road 4th Lane?

The Sub Registrar Office that covers New Farrons Road 4th 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 a crucial factor in property transactions in Perambur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the registration department.

This system helps maintain transparency and fairness in property transactions, as the guideline value reflects the assessed worth of properties in various locations, including New Farrons Road 4th Lane.

Frequently asked questions

What is the current guideline value of New Farrons Road 4th Lane?

The current guideline value of New Farrons Road 4th 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 increased from Rs 1,800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 83% over this period.

What is the land classification for New Farrons Road 4th Lane?

New Farrons Road 4th Lane is classified as Commercial Class I Type - III, which indicates its suitability for commercial activities.

What are the stamp duty rates applicable for properties in this area?

The stamp duty for properties in New Farrons Road 4th Lane is charged at a rate of 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for New Farrons Road 4th Lane?

The Sub Registrar Office for New Farrons Road 4th Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.