Guideline Value for PRISTINE ACRES

Pristine Acres guideline value

The current guideline value of Pristine Acres in Perumbakkam village is Rs 2,725 per sq.ft, effective from 1 July 2024. This property falls under the Selaiyur Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of Pristine Acres has changed

The guideline value for Pristine Acres has seen several revisions over the years. In 2012, the value was Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and then to Rs 2,725 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Between the revisions, the changes include a decrease of 33% from 2012 to 2017, followed by an increase of 49% from 2017 to 2023, and a further increase of 9% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,725 per sq.ft, which is the same as the current value for Pristine Acres.

• Pudhu Nagar: Rs 3,300 per sq.ft (2024)
• Pudhu Nagar Anna Street: Rs 3,300 per sq.ft (2024)
• Pudhu Nagar Apposthalar Street: Rs 3,300 per sq.ft (2024)
• Pudhu Nagar Bharathidasan Street: Rs 3,300 per sq.ft (2024)
• Pudhu Nagar Erikarai Street: Rs 3,300 per sq.ft (2024)
• Pudhu Nagar Indira Gandhi 1st to 3rd Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Pristine Acres

For a 1,000 sq.ft plot at the current guideline value of Rs 2,725 per sq.ft, the total guideline value would be Rs 27,25,000. The stamp duty at 7% would amount to Rs 1,90,750, and the registration fee at 2% would be Rs 54,500, making the total charges Rs 2,45,250. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pristine Acres?

The Sub Registrar Office covering Pristine Acres 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 Perumbakkam

The guideline value is a crucial factor when registering property transactions in Perumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values will be used to calculate the stamp duty and registration fees, ensuring compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Pristine Acres?

The current guideline value of Pristine Acres is Rs 2,725 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,725 per sq.ft in 2024.

What is the land classification for Pristine Acres?

Pristine Acres is classified as Residential Special Type - I under the Selaiyur SRO.

Where can I find information about stamp duty and registration fees?

You can find information about stamp duty and registration fees using our stamp duty and registration fee calculator.

Which office covers the registration for Pristine Acres?

The Selaiyur Sub Registrar Office covers the registration for Pristine Acres, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.