Guideline Value for PERUMBAKKAM SALAI STREET

Perumbakkam Salai Street guideline value

The current guideline value of Perumbakkam Salai Street is Rs 2,100 per sq.ft, effective from 1 July 2024. This street is located in Arasankalani village under the Selaiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Perumbakkam Salai Street has changed

The guideline value for Perumbakkam Salai Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,000 per sq.ft in the 2023 revision, and then to Rs 2,100 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 5%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Arasankalani

In Arasankalani, there are 85 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 4,750 per sq.ft. The median guideline value is Rs 2,100 per sq.ft, which aligns with the current value of Perumbakkam Salai Street.

• Perumbakkam Koil Street: Rs 2,100 per sq.ft (2024)
• Perumal Nagar Road: Rs 1,650 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 1,300 per sq.ft (2024)
• Perumal Koil Street: Rs 1,300 per sq.ft (2024)
• Pazhandiamman Koil Street: Rs 1,300 per sq.ft (2024)
• Palvadi Palli Road: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Perumbakkam Salai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value amounts to Rs 21,00,000. The stamp duty at 7% would be Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, bringing the total to Rs 1,89,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Perumbakkam Salai Street?

The Sub Registrar Office that covers Perumbakkam Salai Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Arasankalani. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is considered to ensure that the transaction aligns with the current market standards set by the Registration Department. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Perumbakkam Salai Street?

The current guideline value of Perumbakkam Salai Street is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,100 per sq.ft in 2024.

What is the land classification for Perumbakkam Salai Street?

Perumbakkam Salai Street is classified as Residential Class I Type - I.

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

The Selaiyur Sub Registrar Office covers Perumbakkam Salai Street, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.

How is stamp duty calculated for properties in Perumbakkam Salai Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 21,00,000, the stamp duty at 7% would be Rs 1,47,000.