Guideline Value for PERAMBUR HIGHROAD 1ST LANE

Perambur Highroad 1st Lane guideline value

The current guideline value of Perambur Highroad 1st 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 Highroad 1st Lane has changed

The guideline value for Perambur Highroad 1st Lane has seen several revisions over the years. The earliest recorded figure is from 2003, where it was Rs 938 per sq.ft. This value increased to Rs 1,250 per sq.ft in 2007, marking a significant increase of 33%. In 2012, the value rose to Rs 5,000 per sq.ft, reflecting a substantial increase of 300%. However, it then decreased to Rs 3,350 per sq.ft in 2017, a drop of 33%. The value increased again to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,500 per sq.ft from the 2024 revision, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 486%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Perambur

In Perambur, there are 1114 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 of Perambur Highroad 1st Lane is above this median.

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

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 charges 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 calculate your specific charges using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perambur Highroad 1st Lane?

The Sub Registrar Office covering Perambur Highroad 1st Lane 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

The guideline value is a crucial factor in the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Perambur Highroad 1st Lane?

The current guideline value of Perambur Highroad 1st 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 changed significantly from Rs 938 per sq.ft in 2003 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 486% over the years.

What is the land classification of Perambur Highroad 1st Lane?

Perambur Highroad 1st Lane is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

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

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

How is the stamp duty calculated for properties in Perambur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 55,00,000 would incur a stamp duty of Rs 3,85,000 at a rate of 7%.