Guideline Value for PERUMBEDU SALAI

Perumbedu Salai guideline value

The current guideline value of Perumbedu Salai, located in Chinnakavanam village under the Ponneri SRO, is Rs 300 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Perumbedu Salai has changed

Over the years, the guideline value of Perumbedu Salai has seen several revisions. The earliest recorded figure is from 2012, where the guideline value was Rs 200 per sq.ft. This increased to Rs 134 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value surged by 124%, stabilizing at Rs 300 per sq.ft for both the 2023 and 2024 revisions, indicating no change during that period. The register has no figures for the years 2002, 2003, and 2007 for this street.

In summary, from the 2012 revision to the current 2024 revision, the overall increase in the guideline value is 50%. The current rate of Rs 300 per sq.ft aligns with the median value for similar streets in Chinnakavanam.

Guideline values in Chinnakavanam

In Chinnakavanam, there are 28 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 400 per sq.ft. The median value is Rs 300 per sq.ft, which is the same as the guideline value for Perumbedu Salai. Below are other streets in Chinnakavanam:

• Periya Thambi Mudali St: Rs 300 per sq.ft (2024)
• Ponneri - Pudhuvoyal Road: Rs 300 per sq.ft (2024)
• Pazaverkadu Salai: Rs 300 per sq.ft (2024)
• Rajeswari Nagar: Rs 300 per sq.ft (2024)
• Ramaswami Mudhali Street: Rs 300 per sq.ft (2024)
• Nethaji Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Perumbedu Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perumbedu Salai?

The Sub Registrar Office that covers Perumbedu Salai is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value plays a crucial role during property transactions in Chinnakavanam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded at a value that reflects the official rates set by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. Ensuring that the sale price meets or exceeds the guideline value will help in avoiding any complications during the registration process.

Frequently asked questions

What is the current guideline value of Perumbedu Salai?

The current guideline value of Perumbedu Salai is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 300 per sq.ft in 2024, with a notable increase of 124% from 2017 to 2023.

What is the land classification of Perumbedu Salai?

Perumbedu Salai falls under the Residential Class II Type - I land classification.

Where can I find the Sub Registrar Office for Perumbedu Salai?

The Sub Registrar Office for Perumbedu Salai is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for property in Perumbedu Salai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 27,000, including stamp duty and registration fees.