Guideline Value for PERUMALSAMI ST

Perumalsami St guideline value

The current guideline value of Perumalsami St is Rs 935 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village, under the Avadi SRO, and is classified as Residential Class II Type - II.

How the guideline value of Perumalsami St has changed

The guideline value for Perumalsami St has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 850 per sq.ft. In 2017, the value decreased to Rs 569 per sq.ft, marking a decline of 33%. The next revision in 2023 saw a significant increase to Rs 850 per sq.ft, and then it rose again to Rs 935 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no recorded figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 4,400 per sq.ft. The median value is Rs 935 per sq.ft, which is equal to the current guideline value of Perumalsami St.

• Periyar Street Extn: Rs 1,625 per sq.ft (2024)
• Periyar Street 7th Street: Rs 1,625 per sq.ft (2024)
• Periyar Street 6th Street: Rs 1,625 per sq.ft (2024)
• Periyar Street 5th Street: Rs 1,625 per sq.ft (2024)
• Periyar Street 4th Street: Rs 1,625 per sq.ft (2024)
• Periyar Street 3rd Street: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Perumalsami St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, and the registration fee at 2% would be Rs 18,700, totaling Rs 84,150. It is important to note that 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 Perumalsami St?

The Sub Registrar Office that covers Perumalsami St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Vilingiyambakkam. It determines the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue in the form of stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of this value to avoid overpaying or facing issues during the registration process.

Frequently asked questions

What is the current guideline value of Perumalsami St?

The current guideline value of Perumalsami St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then increased to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What are the other streets in Vilingiyambakkam with their guideline values?

Other streets in Vilingiyambakkam include Periyar Street Extn, Periyar Street 7th Street, Periyar Street 6th Street, Periyar Street 5th Street, Periyar Street 4th Street, and Periyar Street 3rd Street, all valued at Rs 1,625 per sq.ft in 2024.

What is the stamp duty and registration fee for property in Perumalsami St?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fee would amount to Rs 84,150.

Which Sub Registrar Office covers Perumalsami St?

The Avadi Sub Registrar Office covers Perumalsami St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.