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Guideline Value

Corporate

Guideline Value for NEW VAZHAIMA NAGAR MAIN ROAD

₹2700/sq.ft.

The guideline value for New Vazhaima Nagar Main Road in Perambur village (Purasaivakkam SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perambur

Village

Purasaivakkam

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹700 /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 Vazhaima Nagar Main Road

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New Vazhaima Nagar Main Road guideline value

The current guideline value for New Vazhaima Nagar Main Road is Rs 2,700 per sq.ft, effective from 1 July 2024. This road is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of New Vazhaima Nagar Main Road has changed

In the 2007 revision, the guideline value was Rs 700 per sq.ft. This increased significantly to Rs 1,675 per sq.ft in the 2017 revision, marking a change of 139%. The most recent revision in 2024 saw the value rise to Rs 2,700 per sq.ft, an increase of 61% from the previous figure. The register has no figure for the years 2023, 2012, 2003, and 2002 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 286%. This consistent rise reflects the changes in the area over the years, with the 2024 figure now matching the median value for similar streets in Perambur.

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, which is equal to the guideline value of New Vazhaima Nagar Main Road.

Stamp duty and registration fee for property in New Vazhaima Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers New Vazhaima Nagar Main Road?

The Sub Registrar Office that covers New Vazhaima Nagar Main Road 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 the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction.

When a property is registered, the guideline value is used to calculate the fees, ensuring that the transaction is recorded at a fair and standardized rate. This process helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value for New Vazhaima Nagar Main Road?

The current guideline value for New Vazhaima Nagar Main Road is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 700 per sq.ft to Rs 2,700 per sq.ft in 2024, reflecting an overall change of 286%.

What is the land classification for New Vazhaima Nagar Main Road?

The land classification for New Vazhaima Nagar Main Road is Residential Class III Type - II.

Where can I find the Sub Registrar Office for New Vazhaima Nagar Main Road?

The Sub Registrar Office for New Vazhaima Nagar Main Road 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 New Vazhaima Nagar Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at a rate of 7%.