Guideline Value for Perinjambakkam Salai

Perinjambakkam Salai guideline value

The current guideline value of Perinjambakkam Salai is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Karanaithangal village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Perinjambakkam Salai has changed

Over the years, the guideline value for Perinjambakkam Salai has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 335 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 500 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

It's important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Thus, the guideline value has remained consistent at Rs 500 per sq.ft from 2012 to 2024, despite fluctuations in previous years.

Guideline values in Karanaithangal

In Karanaithangal, there are 17 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 471 to Rs 1,000 per sq.ft. The median value for these streets is Rs 500 per sq.ft, which is equal to the current guideline value of Perinjambakkam Salai.

• Pillaiyar Kovil Street: Rs 500 per sq.ft (2024)
• Priya Nagar: Rs 800 per sq.ft (2024)
• Selvaganapathy Nagar: Rs 500 per sq.ft (2024)
• Kullakkarai Street: Rs 500 per sq.ft (2024)
• Kalaivani Nagar: Rs 500 per sq.ft (2024)
• JanRathinam Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Perinjambakkam Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty is charged at 7%, which would be Rs 35,000, and the registration fee at 2% amounts to Rs 10,000. Therefore, the total cost for stamp duty and registration fees would be Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perinjambakkam Salai?

The Sub Registrar Office that covers Perinjambakkam Salai is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Karanaithangal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is essential for calculating the applicable duties. Buyers should be aware that the stamp duty is levied on the higher of the guideline value or the sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Perinjambakkam Salai?

The current guideline value of Perinjambakkam Salai is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since 2012, with a decrease to Rs 335 per sq.ft in 2017, followed by an increase back to Rs 500 per sq.ft in 2023 and 2024.

What is the land classification for Perinjambakkam Salai?

Perinjambakkam Salai is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Perinjambakkam Salai?

The Sub Registrar Office for Perinjambakkam Salai is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Perinjambakkam Salai?

Stamp duty for properties in Perinjambakkam Salai is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% applies.