Guideline Value for PERAMBUR BARRACKS ROAD (A) VEDA VINAYAGAR KOIL STREET(FROM PURASAWAKKAM HIGH ROAD TO STRAHANS ROAD)

Perambur Barracks Road (A) Veda Vinayagar Koil Street(From Purasawakkam High Road To Strahans Road) guideline value

The current guideline value of Perambur Barracks Road (A) Veda Vinayagar Koil Street(From Purasawakkam High Road To Strahans Road) is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village and falls under the Purasaivakkam SRO. The land classification for this area is Commercial Class I Type - III.

How the guideline value of Perambur Barracks Road (A) Veda Vinayagar Koil Street(From Purasawakkam High Road To Strahans Road) has changed

The guideline value for this street has undergone several revisions over the years. Starting with the 2007 revision, the guideline value was Rs 5,000 per sq.ft. This increased to Rs 6,000 per sq.ft in 2012, marking a 20% rise. However, in the 2017 revision, the value decreased to Rs 4,020 per sq.ft, reflecting a 33% drop. The 2023 revision saw a significant increase to Rs 6,000 per sq.ft, and the latest 2024 revision has raised it further to Rs 6,600 per sq.ft, a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 32%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value in this area is Rs 5,500 per sq.ft, placing Perambur Barracks Road (A) Veda Vinayagar Koil Street(From Purasawakkam High Road To Strahans Road) above this median.

• Pensioner Lane: Rs 3,800 per sq.ft (2024)
• Periya Bajanai Koil Street: Rs 4,400 per sq.ft (2024)
• Payila Pachiappan Street: Rs 3,800 per sq.ft (2024)
• Parthasarathy Street: Rs 5,500 per sq.ft (2024)
• Parasuraman Street: Rs 5,500 per sq.ft (2024)
• Perumal 1st Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Perambur Barracks Road (A) Veda Vinayagar Koil Street(From Purasawakkam High Road To Strahans Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees together to Rs 5,94,000. It is important to note that the 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 Perambur Barracks Road (A) Veda Vinayagar Koil Street(From Purasawakkam High Road To Strahans Road)?

The Sub Registrar Office that covers this 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 Purasaivakkam

The guideline value is a crucial reference point for property transactions in Purasaivakkam. It is used to determine the stamp duty and registration fees that need to be paid during the buying or selling process. Buyers and sellers should be aware that the guideline value may influence the final sale price of the property.

When registering a property, it is essential to provide the correct guideline value to ensure compliance with local regulations. This value helps in assessing the market activity and maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Perambur Barracks Road (A) Veda Vinayagar Koil Street?

The current guideline value of Perambur Barracks Road (A) Veda Vinayagar Koil Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024. Notable changes include a decrease to Rs 4,020 per sq.ft in 2017 and an increase to Rs 6,000 per sq.ft in 2023.

What is the land classification for this street?

The land classification for Perambur Barracks Road (A) Veda Vinayagar Koil Street is Commercial Class I Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Perambur Barracks Road (A) Veda Vinayagar Koil Street is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 5,94,000.