Guideline Value for PERAMBUR HIGH ROAD 2ND STREET

Perambur High Road 2nd Street guideline value

The current guideline value of Perambur High Road 2nd Street is Rs 5,500 per sq.ft. It is located in Perambur village under the Purasaivakkam SRO, and the land classification is Commercial Class I Type - I.

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

Since 2002, the guideline value for Perambur High Road 2nd Street has seen significant changes. The 2002 revision recorded a value of Rs 916 per sq.ft, which increased to Rs 1,005 per sq.ft in 2003, marking a 10% rise. The value further increased to Rs 1,250 per sq.ft in 2007, reflecting a 24% change. By 2012, the value was Rs 5,000 per sq.ft, indicating a substantial increase of 300% from the previous revision.

From 2012 to 2017, the guideline value decreased to Rs 3,350 per sq.ft, a decline of 33%. In 2023, the value rose again to Rs 5,000 per sq.ft, and the most recent revision in 2024 set the current value at Rs 5,500 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 500%.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO with 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, and the guideline value for Perambur High Road 2nd Street is above this median.

• Perambur High Road 2nd 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 Highroad 2nd Cross Street: Rs 5,500 per sq.ft (2024)
• Perambur High Road Lane: Rs 5,500 per sq.ft (2024)
• Perambur High Road 1st Street: Rs 5,500 per sq.ft (2024)
• Perambur High Road (Perambur Railway Station To Vyasarpadi Railway Station) North Side: Rs 6,500 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total 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.

You can use our stamp duty and registration fee calculator for more information.

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

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

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

The guideline value is a crucial factor in the registration process when buying or selling property. It serves as a benchmark for determining the minimum value at which the property can be registered, ensuring that the transaction is officially recorded and taxed appropriately.

When you register a property, the guideline value will influence the stamp duty and registration fees that need to be paid. These fees are calculated based on the guideline value or the sale price, whichever is higher, thus ensuring compliance with local regulations.

Frequently asked questions

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

The current guideline value of Perambur High Road 2nd 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 916 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 500% over this period.

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

The land classification for Perambur High Road 2nd Street is Commercial Class I Type - I.

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

For a property valued at Rs 5,500 per sq.ft, the stamp duty would be 7% of the guideline value, and the registration fee would be 2%. For a 1,000 sq.ft property, the total fees would amount to Rs 4,95,000.

Where can I find the Sub Registrar Office for Perambur?

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