Guideline Value for PAPTIST CHURCH ROAD

Paptist Church Road guideline value

The current guideline value of Paptist Church Road in Perambur village, under the Purasaivakkam SRO, is Rs 3,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Paptist Church Road has changed

The guideline value for Paptist Church Road has undergone several revisions over the years. In 2003, the value was Rs 558 per sq.ft, which increased to Rs 600 per sq.ft in 2007. The following revision in 2012 saw a significant rise to Rs 3,000 per sq.ft, but this was followed by a decrease to Rs 2,010 per sq.ft in 2017. The value then increased to Rs 3,000 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 3,200 per sq.ft. Notably, there is no figure available for the year 2002 in the register for this street.

From 2017 to 2023, the value rose by 49%, and from 2023 to 2024, it increased by 7%. The most significant change was from 2007 to 2012, where the value surged by 400%. Overall, from 2003 to 2024, the guideline value has increased by 473%.

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. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Paptist Church Road's 2024 figure above this median.

• Paramasivam Street: Rs 3,200 per sq.ft (2024)
• Pannerselvan 4th Street: Rs 2,700 per sq.ft (2024)
• Pannerselvan 3rd Street: Rs 2,700 per sq.ft (2024)
• Pannerselvan 2nd Street: Rs 2,700 per sq.ft (2024)
• Pannerselvan 1st Street: Rs 2,700 per sq.ft (2024)
• Pannerselvam Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Paptist Church Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,200 per sq.ft, the total guideline value amounts to Rs 32,00,000. The stamp duty at 7% would be Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, bringing the total to Rs 2,88,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Paptist Church Road?

The Sub Registrar Office that covers Paptist Church 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 when registering property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process.

When buying or selling property, the guideline value ensures that the transaction is documented at a value that reflects the current market conditions, thus aiding in the accurate assessment of taxes owed to the government.

Frequently asked questions

What is the current guideline value of Paptist Church Road?

The current guideline value of Paptist Church Road is Rs 3,200 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 558 per sq.ft in 2003 to Rs 3,200 per sq.ft in 2024, with various revisions in between, including a notable increase of 400% from 2007 to 2012.

What are the other guideline values in Perambur?

In Perambur, the guideline values for other streets range from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft.

What are the stamp duty and registration fees for property on Paptist Church Road?

For a property valued at Rs 32,00,000, the total stamp duty would be Rs 2,24,000 and the registration fee would be Rs 64,000, totaling Rs 2,88,000.

Where is the Sub Registrar Office for Paptist Church Road?

The Sub Registrar Office for Paptist Church Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.