Guideline Value for PURASAWAKKAM HIGH ROAD

Purasawakkam High Road guideline value

The current guideline value of Purasawakkam High Road is Rs 10,900 per sq.ft, effective from 1 July 2024. This road is located in Purasaivakkam village and falls under the Purasaivakkam SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Purasawakkam High Road has changed

Over the years, the guideline value of Purasawakkam High Road has seen several revisions. The 2017 revision set the value at Rs 6,700 per sq.ft, which was a decrease of 33% from the Rs 10,000 per sq.ft recorded in the 2012 revision. The 2023 revision increased the value to Rs 10,000 per sq.ft, which represented a significant increase of 49% from the previous revision. The most recent 2024 revision has further increased the guideline value to Rs 10,900 per sq.ft, marking a 9% rise from 2023.

It is important to note that the register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 9%, with the 2007 figure being Rs 10,000 per sq.ft.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value in this area is Rs 5,500 per sq.ft, indicating that Purasawakkam High Road's 2024 figure is above this median.

• Purasawakkam High Road Lane: Rs 10,900 per sq.ft (2024)
• Pudhu Thandavarayan Mudali Street: Rs 5,500 per sq.ft (2024)
• Prasanna Vinayagar Koil Street: Rs 6,500 per sq.ft (2024)
• Raghava Chetty Street: Rs 6,500 per sq.ft (2024)
• Potters Street: Rs 4,900 per sq.ft (2024)
• Raja Annamalai Chettiar Road: Rs 12,100 per sq.ft (2024)

Stamp duty and registration fee for property in Purasawakkam High Road

For a 1,000 sq.ft plot at the current guideline value of Rs 10,900 per sq.ft, the total guideline value would be Rs 1,09,00,000. The stamp duty at 7% would amount to Rs 7,63,000, and the registration fee at 2% would be Rs 2,18,000, resulting in a total of Rs 9,81,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Purasawakkam High Road?

The Sub Registrar Office that covers Purasawakkam High Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Purasaivakkam. It is the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately and legally.

When a property is sold, the buyer and seller must consider the guideline value to determine the applicable charges. This ensures transparency and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Purasawakkam High Road?

The current guideline value of Purasawakkam High Road is Rs 10,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,700 per sq.ft in 2017 to Rs 10,900 per sq.ft in 2024, with various revisions in between, including Rs 10,000 per sq.ft in 2023.

What is the land classification for Purasawakkam High Road?

The land classification for Purasawakkam High Road is Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the Purasaivakkam Sub Registrar Office?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. It is the office responsible for property registrations in this area.

How is stamp duty calculated for properties in Purasawakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,09,00,000, the stamp duty would be Rs 7,63,000 at a rate of 7%.