Guideline Value for PANNERSELVAN 1ST STREET

Pannerselvan 1st Street guideline value

The current guideline value of Pannerselvan 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Pannerselvan 1st Street has changed

The guideline value for Pannerselvan 1st Street has undergone several revisions since 2002. In 2002, the value was Rs 336 per sq.ft, which increased to Rs 369 per sq.ft in 2003, marking a change of +10%. The value then rose to Rs 550 per sq.ft in 2007, reflecting a significant increase of +49%. By 2017, the guideline value reached Rs 1,675 per sq.ft, a substantial rise of +205% from the previous revision. There is no figure available for the year 2012 in the register.

Continuing from 2017, the value increased to Rs 2,500 per sq.ft in 2023, which was a rise of +49%. The latest revision in 2024 set the guideline value at Rs 2,700 per sq.ft, representing an increase of +8% from the previous year. Overall, from 2002 to 2024, the guideline value has increased by +704%.

Guideline values in Perambur

In Perambur village, 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 matches the current guideline value of Pannerselvan 1st Street.

• Pannerselvam Street: Rs 2,700 per sq.ft (2024)
• Pannerselvan 2nd Street: Rs 2,700 per sq.ft (2024)
• Pannerselvan 3rd Street: Rs 2,700 per sq.ft (2024)
• Pannerselvan 4th Street: Rs 2,700 per sq.ft (2024)
• Paptist Church Road: Rs 3,200 per sq.ft (2024)
• Paramasivam Street: Rs 3,200 per sq.ft (2024)

Stamp duty and registration fee for property in Pannerselvan 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value is 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. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Pannerselvan 1st Street?

The Sub Registrar Office that covers Pannerselvan 1st Street 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 reference point used during the registration of property transactions in Perambur. When buying or selling property, this value helps determine the applicable stamp duty and registration fees, ensuring compliance with government regulations.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall costs associated with property transactions. The guideline value serves to standardize property valuations within the region.

Frequently asked questions

What is the current guideline value of Pannerselvan 1st Street?

The current guideline value of Pannerselvan 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 336 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, with an overall increase of +704% over the years.

What are the stamp duty and registration fees for property in Pannerselvan 1st Street?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office is responsible for Pannerselvan 1st Street?

The Purasaivakkam Sub Registrar Office is responsible for Pannerselvan 1st Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification of Pannerselvan 1st Street?

Pannerselvan 1st Street is classified as Residential Class III Type - II, indicating its use for residential purposes.