Guideline Value for PEARL SIGARAM GARDEN

Pearl Sigaram Garden guideline value

The current guideline value of Pearl Sigaram Garden is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Perungalathur village under the Padappai SRO, classified as Commercial Special Type - IV.

How the guideline value of Pearl Sigaram Garden has changed

Over the years, the guideline value for Pearl Sigaram Garden has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, which is an increase of 10% from the 2023 figure of Rs 2,500 per sq.ft. The register has no figure for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline value was not available for the aforementioned years. The 2023 revision marked a notable increase from the previous years, reflecting a shift in the valuation for properties in this area.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. The guideline value for Pearl Sigaram Garden is above this median, indicating a relatively higher valuation.

• Pavithra enclave: Rs 2,640 per sq.ft (2024)
• Patel Street: Rs 2,640 per sq.ft (2024)
• Parvathy Nagar - V.O.C Street: Rs 2,640 per sq.ft (2024)
• Parvathy Nagar - Varadarajan Street: Rs 2,640 per sq.ft (2024)
• Parvathy Nagar - Vanchinathan Street: Rs 2,640 per sq.ft (2024)
• Parvathy Nagar - Thiru-Vi-Ka Street: Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Pearl Sigaram Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, resulting in a total cost of Rs 2,47,500. 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 Pearl Sigaram Garden?

The Sub Registrar Office that covers Pearl Sigaram Garden is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling properties in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

Frequently asked questions

What is the current guideline value of Pearl Sigaram Garden?

The current guideline value of Pearl Sigaram Garden is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, marking a 10% increase.

What are the other streets in Perungalathur with their guideline values?

Other streets in Perungalathur include Pavithra enclave, Patel Street, and several streets in Parvathy Nagar, all valued at Rs 2,640 per sq.ft in 2024.

What is the registration fee for properties in Pearl Sigaram Garden?

The registration fee for properties is 2% of the guideline value, which can be calculated based on the current rate of Rs 2,750 per sq.ft.

Where can I find the Sub Registrar Office for Pearl Sigaram Garden?

The Sub Registrar Office for Pearl Sigaram Garden is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.