Guideline Value for Perarinjar Anna Street

Perarinjar Anna Street guideline value

The current guideline value of Perarinjar Anna Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Perarinjar Anna Street has changed

The guideline value for Perarinjar Anna Street has undergone several revisions over the years. The earliest available figure is from 2012, where it was set at Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. The 2023 revision saw an increase to Rs 1,200 per sq.ft, and the most recent revision in 2024 raised it further to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

Between the revisions, the value changed significantly: from 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen an increase of 10%. Note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, placing Perarinjar Anna Street's 2024 figure below this median.

• Pathmanaban Street: Rs 1,320 per sq.ft (2024)
• Perumal Koil Street: Rs 1,320 per sq.ft (2024)
• Parijadham Street: Rs 1,100 per sq.ft (2024)
• P.M.D. Nagar: Rs 1,650 per sq.ft (2024)
• P.M.D. Nagar 1St Street: Rs 1,650 per sq.ft (2024)
• P.M.D. Nagar 2St Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Perarinjar Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perarinjar Anna Street?

The Sub Registrar Office that covers Perarinjar Anna Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Peerklankaranai

The guideline value is a crucial factor when registering property transactions in Peerklankaranai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, thus influencing the total cost involved in the transaction.

Frequently asked questions

What is the current guideline value of Perarinjar Anna Street?

The current guideline value of Perarinjar Anna Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Perarinjar Anna Street?

The land classification for Perarinjar Anna Street is Residential Class I Type - III.

What is the registration office for Perarinjar Anna Street?

The registration office for Perarinjar Anna Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for property in Perarinjar Anna Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 13,20,000, leading to a stamp duty of Rs 92,400.