Guideline Value for PEERAIYAMPATHU ARIJANA COLONY

Peeraiyampathu Arijana Colony guideline value

The current guideline value of Peeraiyampathu Arijana Colony is Rs 878 per sq.ft, effective from 1 July 2024. This area is located in Chembarambakkam village, under the Poonamallee SRO, and is classified as Residential Class I Type - V.

How the guideline value of Peeraiyampathu Arijana Colony has changed

The guideline value for Peeraiyampathu Arijana Colony has undergone several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the value was set at Rs 800 per sq.ft, which increased to Rs 878 per sq.ft in the 2024 revision, marking a change of +10%.

In the most recent revision, the 2024 guideline value of Rs 878 per sq.ft reflects the current market conditions. The previous revision in 2023 had a guideline value of Rs 800 per sq.ft, indicating a positive adjustment in the value over the past year.

Guideline values in Chembarambakkam

In Chembarambakkam, there are 64 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Peeraiyampathu Arijana Colony's 2024 figure below that median.

• Pattammal Nagar: Rs 1,540 per sq.ft (2024)
• Patel Street 97/4c,4i,4j,5,6,7,8,9,10: Rs 878 per sq.ft (2024)
• Patel Street: Rs 878 per sq.ft (2024)
• Padavetamman Nagar: Rs 1,100 per sq.ft (2024)
• Om Paragadeeswarar Nagar: Rs 1,100 per sq.ft (2024)
• Olympia Mithila: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Peeraiyampathu Arijana Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 878 per sq.ft, the total guideline value would be Rs 8,78,000. The stamp duty at 7% would amount to Rs 61,460, and the registration fee at 2% would be Rs 17,560, bringing the total cost for these fees to Rs 79,020. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Peeraiyampathu Arijana Colony?

The Sub Registrar Office that covers Peeraiyampathu Arijana Colony is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Chembarambakkam. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during registration.

When a property is sold, the guideline value is compared against the sale price to ascertain the applicable duties. The higher of the two values will be used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Peeraiyampathu Arijana Colony?

The current guideline value of Peeraiyampathu Arijana Colony is Rs 878 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 800 per sq.ft in 2023 to Rs 878 per sq.ft in 2024, which is a change of +10%.

What is the classification of land in Peeraiyampathu Arijana Colony?

Peeraiyampathu Arijana Colony is classified as Residential Class I Type - V, which indicates the type of development permissible in the area.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 8,78,000, the stamp duty would be Rs 61,460 and the registration fee would be Rs 17,560, totaling Rs 79,020 for the transaction.

Which office handles property registration in this area?

The Poonamallee Sub Registrar Office handles property registration for Peeraiyampathu Arijana Colony, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.