Guideline Value for PERUMPAKKAM TO SOLINGANALLUR MAIN ROAD

Perumpakkam To Solinganallur Main Road guideline value

The current guideline value of Perumpakkam To Solinganallur Main Road is Rs 3,700 per sq.ft, effective from 1 July 2024. This road is located in Perumbakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Perumpakkam To Solinganallur Main Road has changed

Over the years, the guideline value for Perumpakkam To Solinganallur Main Road has seen several revisions. The 2012 revision set the value at Rs 3,500 per sq.ft, which was then reduced to Rs 2,345 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,500 per sq.ft in the 2023 revision, and finally, the current value is Rs 3,700 per sq.ft from the 2024 revision. The register has no figure for this street in 2002, 2003, or 2007.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 6%. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft, with a median value of Rs 2,725 per sq.ft. The guideline value of Perumpakkam To Solinganallur Main Road is above this median.

• Perumbakkam Main Road And 1st -2nd Cross Street: Rs 3,700 per sq.ft (2024)
• Perumal Nagar: Rs 2,725 per sq.ft (2024)
• Pillaiyar Koil Cross Street: Rs 850 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 850 per sq.ft (2024)
• Periyapalayathamman Koil Street: Rs 1,625 per sq.ft (2024)
• Paumpon Nagar Rajiv Gandhi Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Perumpakkam To Solinganallur Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,700 per sq.ft, the total guideline value amounts to Rs 37,00,000. The stamp duty at 7% would be Rs 2,59,000, and the registration fee at 2% would be Rs 74,000, making the total charges Rs 3,33,000. 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 information on fees.

Which Sub Registrar Office covers Perumpakkam To Solinganallur Main Road?

The Sub Registrar Office that covers Perumpakkam To Solinganallur Main Road 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 details.

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

The guideline value is an essential factor during property registration in Perumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the actual sale price and the guideline value are compared, and the higher of the two is used to calculate the applicable fees. This ensures transparency in property transactions and helps maintain a fair valuation process.

Frequently asked questions

What is the current guideline value of Perumpakkam To Solinganallur Main Road?

The current guideline value of Perumpakkam To Solinganallur Main Road is Rs 3,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,700 per sq.ft in 2024, marking a 6% increase. It rose from Rs 2,345 per sq.ft in 2017 to Rs 3,500 per sq.ft in 2023, which is a 49% increase.

What is the land classification for Perumpakkam To Solinganallur Main Road?

The land classification for Perumpakkam To Solinganallur Main Road is Residential Special Type - III, indicating its designated use for residential purposes.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 3,700 per sq.ft, the total charges would amount to Rs 3,33,000.

Where is the Sub Registrar Office for this area located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office covers the registration for properties in Perumpakkam To Solinganallur Main Road.