Guideline Value for PERAMBUR HIGH ROAD 2ND LANE

Perambur High Road 2nd Lane guideline value

The current guideline value of Perambur High Road 2nd Lane is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Perambur High Road 2nd Lane has changed

The guideline value for Perambur High Road 2nd Lane has undergone several revisions over the years. The earliest recorded value was Rs 911 per sq.ft in 2002. This increased to Rs 999 per sq.ft in 2003, marking a 10% rise. The value continued to grow, reaching Rs 1,250 per sq.ft in 2007, which was a 25% increase from the previous year. The following revision in 2012 saw the value drop to Rs 5,000 per sq.ft, a decrease of 300% from the 2007 figure.

In 2017, the guideline value increased significantly to Rs 3,350 per sq.ft, reflecting a 49% rise. The next revision in 2023 set the value at Rs 5,000 per sq.ft, before the most recent adjustment in 2024, which established the current guideline value at Rs 5,500 per sq.ft, a 10% increase from the previous year. There are no figures available for the years not listed in the register for this street.

Guideline values in Perambur

In Perambur village, 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, indicating that the guideline value for Perambur High Road 2nd Lane is above this median.

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

Stamp duty and registration fee for property in Perambur High Road 2nd Lane

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, bringing the total cost for these fees to 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 more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perambur High Road 2nd Lane?

The Sub Registrar Office that covers Perambur High Road 2nd Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For further details, you can find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at an appropriate value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Perambur High Road 2nd Lane?

The current guideline value of Perambur High Road 2nd Lane 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 increased from Rs 911 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 504% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000, and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which Sub Registrar Office handles registrations for this street?

The Purasaivakkam Sub Registrar Office handles registrations for Perambur High Road 2nd Lane, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Perambur High Road 2nd Lane?

Perambur High Road 2nd Lane is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.