Guideline Value for Peranakavur Palla colany

Peranakavur Palla colany guideline value

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

How the guideline value of Peranakavur Palla colany has changed

The guideline value for Peranakavur Palla colany has undergone several revisions over the years. The register shows that in 2012, the guideline value was Rs 50 per sq.ft, which decreased to Rs 33 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 203%, raising the value to Rs 100 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 102 per sq.ft, marking a 2% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 104%.

Guideline values in Peranakavoor

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 of Peranakavur Palla colany is above this median.

• Peranakavur Mettu 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 Palla colany

For a 1,000 sq.ft plot at the current guideline value of Rs 102 per sq.ft, the total guideline value would be Rs 1,02,000. The stamp duty at 7% would amount to Rs 7,140, while the registration fee at 2% would be Rs 2,040, making the total cost for these fees Rs 9,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these costs, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Peranakavur Palla colany?

The Sub Registrar Office that covers Peranakavur Palla 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 details.

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

The guideline value is a crucial factor in property transactions in Peranakavoor, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory charges during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall costs involved in the transaction. Ensuring that the property is registered at or above the guideline value is necessary for compliance with local regulations.

Frequently asked questions

What is the current guideline value of Peranakavur Palla colany?

The current guideline value of Peranakavur Palla 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 33 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and finally to Rs 102 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Peranakavur Palla colany?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 7,140 and the registration fee would be Rs 2,040, totaling Rs 9,180.

Which Sub Registrar Office is responsible for Peranakavur Palla colany?

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

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value of a property and is essential for calculating stamp duty and registration fees during property transactions.