Guideline Value for Peranakavur Mettu Colany

Peranakavur Mettu Colany guideline value

The current guideline value of Peranakavur Mettu Colany is Rs 102 per sq.ft, effective from 1 July 2024. This property is located in Peranakavoor village, under the Salavakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Peranakavur Mettu Colany has changed

The guideline value for Peranakavur Mettu Colany has seen several revisions over the years. In 2012, the guideline value was Rs 50 per sq.ft, which increased to Rs 33 per sq.ft in 2017. This was followed by a significant rise to Rs 100 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 102 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 34%, but from 2017 to 2023, the value increased by 203%. Overall, the guideline value has risen by 104% from 2012 to 2024, reflecting the changes in the property landscape.

Guideline values in Peranakoor

In Peranakavoor, there are 9 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 102 per sq.ft, with a median value of Rs 100 per sq.ft. The guideline value for Peranakavur Mettu Colany is above this median.

• Peranakavur Palla colany: Rs 102 per sq.ft (2024)
• PoiyaMozhi vinayagar Street: Rs 101 per sq.ft (2024)
• Nandeeswarar Green Land: Rs 100 per sq.ft (2024)
• Mariamman Koil Street: Rs 100 per sq.ft (2024)
• Sri Balaji Avenue Part-I: Rs 100 per sq.ft (2024)
• Sri Balaji Avenue Part-II: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Peranakavur Mettu Colany

For a 1,000 sq.ft plot at the current rate of Rs 102 per sq.ft, the guideline value would be Rs 1,02,000. The stamp duty at 7% would be Rs 7,140, and the registration fee at 2% would be Rs 2,040, making a total of Rs 9,180. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Peranakavur Mettu Colany?

The Sub Registrar Office that covers Peranakavur Mettu Colany is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Peranakavoor, as it determines the amount of stamp duty and registration fees payable. When a property is registered, the guideline value is used to calculate these fees, ensuring that they reflect the official valuation of the property.

Frequently asked questions

What is the current guideline value of Peranakavur Mettu Colany?

The current guideline value of Peranakavur Mettu Colany is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2012 to Rs 102 per sq.ft in 2024, with significant fluctuations in between, including a rise of 203% from 2017 to 2023.

What is the land classification of Peranakavur Mettu Colany?

Peranakavur Mettu Colany is classified as Residential Class IV Type - I, indicating its suitability for residential development.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Peranakavur is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% applies.

Where can I find the Sub Registrar Office for Peranakavur Mettu Colany?

The Sub Registrar Office for Peranakavur Mettu Colany is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.