Guideline Value for PERAMBUR HIGH ROAD 1ST STREET

Perambur High Road 1st Street guideline value

The current guideline value of Perambur High Road 1st Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Perambur village and falls under the Purasaivakkam SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Perambur High Road 1st Street has changed

The guideline value for Perambur High Road 1st Street has seen several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 907 per sq.ft. This increased to Rs 995 per sq.ft in 2003, marking a 10% rise. By 2007, the value surged significantly to Rs 1,250 per sq.ft, reflecting a 26% increase from the previous revision. The 2012 revision saw the value rise to Rs 5,000 per sq.ft, a remarkable 300% increase from 2007. However, in 2017, the value dropped to Rs 3,350 per sq.ft, which was a decrease of 33% from the 2012 figure.

In 2023, the guideline value was revised to Rs 5,000 per sq.ft, and this figure was further increased to Rs 5,500 per sq.ft in the 2024 revision, representing a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 506% for this street.

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 value for these streets is Rs 2,700 per sq.ft, placing the guideline value of Perambur High Road 1st Street above this median.

• Perambur Highroad 1st Lane: Rs 5,500 per sq.ft (2024)
• Perambur Highroad 2nd Cross Street: Rs 5,500 per sq.ft (2024)
• Perambur High Road 1st Cross Street: Rs 5,500 per sq.ft (2024)
• Perambur High Road 2nd Lane: Rs 5,500 per sq.ft (2024)
• Perambur High Road 2nd Street: 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)

Stamp duty and registration fee for property in Perambur High Road 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, resulting in a total cost of Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perambur High Road 1st Street?

The Sub Registrar Office that covers Perambur High Road 1st Street 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

When buying or selling property in Perambur, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is used to calculate these fees, ensuring that both parties are aware of the financial implications of the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Accurate knowledge of the guideline value can aid in better financial planning during property transactions.

Frequently asked questions

What is the current guideline value of Perambur High Road 1st Street?

The current guideline value of Perambur High Road 1st Street is Rs 5,500 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 907 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, representing an overall increase of 506% over this period.

What is the land classification for Perambur High Road 1st Street?

The land classification for Perambur High Road 1st Street is Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the other streets in Perambur with similar guideline values?

Other streets in Perambur under the Purasaivakkam SRO have similar guideline values, all set at Rs 5,500 per sq.ft for 2024, such as Perambur Highroad 1st Lane and Perambur High Road 1st Cross Street.

Where can I find the Sub Registrar Office for Perambur?

The Sub Registrar Office for Perambur is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. This office handles all registration processes for properties in the area.