Guideline Value for PERAMBUR HIGH ROAD (PERAMBUR RAILWAY STATION TO VYASARPADI RAILWAY STATION) NORTH SIDE

Perambur High Road (Perambur Railway Station To Vyasarpadi Railway Station) North Side guideline value

The current guideline value for Perambur High Road (Perambur Railway Station To Vyasarpadi Railway Station) North Side is Rs 6,500 per sq.ft, effective from 1 July 2024. This area falls under the village of Perambur and is classified as Commercial Special Type - I, under the Purasaivakkam SRO.

How the guideline value of Perambur High Road (Perambur Railway Station To Vyasarpadi Railway Station) North Side has changed

The guideline value for this street has undergone several revisions over the years. Starting with the 2007 revision, the value was Rs 1,400 per sq.ft. It then increased significantly to Rs 6,000 per sq.ft in 2012, marking a substantial rise of 329%. However, the value saw a decrease to Rs 4,020 per sq.ft in 2017, a drop of 33%. The 2023 revision brought it back up to Rs 6,000 per sq.ft, followed by the latest increase to Rs 6,500 per sq.ft in 2024, which is an 8% change from the previous year. The register has no figure for this street in 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 364%. The changes between the revisions highlight significant fluctuations, particularly the 49% increase from 2017 to 2023, showcasing the dynamic nature of property values in this area.

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, with a median value of Rs 2,700 per sq.ft. The guideline value for Perambur High Road (Perambur Railway Station To Vyasarpadi Railway Station) North Side stands above this median.

• Perambur High Road Lane: Rs 5,500 per sq.ft (2024)
• Perambur High Road (B&C Mill Gate To Toll Gate) South Side: Rs 6,500 per sq.ft (2024)
• Perambur High Road 2nd Street: Rs 5,500 per sq.ft (2024)
• Perambur High Road 2nd Lane: Rs 5,500 per sq.ft (2024)
• Perambur Highroad 2nd Cross Street: Rs 5,500 per sq.ft (2024)
• Perambur High Road 1st Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Perambur High Road (Perambur Railway Station To Vyasarpadi Railway Station) North Side

For a 1,000 sq.ft plot at the current guideline value of Rs 6,500 per sq.ft, the total guideline value amounts to Rs 65,00,000. The stamp duty at 7% would be Rs 4,55,000, and the registration fee at 2% would be Rs 1,30,000, resulting in a total of Rs 5,85,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Perambur High Road (Perambur Railway Station To Vyasarpadi Railway Station) North Side?

The Purasaivakkam Sub Registrar Office covers this area, 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 during the registration of property transactions in Perambur. It determines the minimum value at which properties can be registered, ensuring that the government collects appropriate stamp duty and registration fees based on this value.

When you buy or sell property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value for Perambur High Road (Perambur Railway Station To Vyasarpadi Railway Station) North Side?

The current guideline value for Perambur High Road (Perambur Railway Station To Vyasarpadi Railway Station) North Side is Rs 6,500 per sq.ft, effective from 1 July 2024.

What was the guideline value in 2023?

The guideline value for this street in 2023 was Rs 6,000 per sq.ft.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased by 364%, from Rs 1,400 per sq.ft to Rs 6,500 per sq.ft in 2024.

Which Sub Registrar Office should I visit for property registration in Perambur?

The Purasaivakkam Sub Registrar Office is responsible for property registration in Perambur, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What factors determine the stamp duty and registration fees?

The stamp duty and registration fees are determined based on the higher of the guideline value or the sale price of the property. This ensures that the government collects the appropriate fees during the registration process.