Guideline Value for Perundeviamman Street

Perundeviamman Street guideline value

The current guideline value of Perundeviamman Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village, under the Pallavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Perundeviamman Street has changed

The guideline value for Perundeviamman Street has seen several revisions over the years. In the 2007 revision, the value was Rs 525 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, it then decreased to Rs 1,005 per sq.ft in the 2017 revision. The 2023 revision saw a rise to Rs 1,500 per sq.ft, and the most recent 2024 revision set the value at Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 214%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft, with a median value of Rs 2,970 per sq.ft. Perundeviamman Street's 2024 guideline value is below this median.

• Periyar Salai: Rs 3,850 per sq.ft (2024)
• Ponniamman Koil Street: Rs 2,970 per sq.ft (2024)
• Paul Victor Street: Rs 3,850 per sq.ft (2024)
• Patel Street: Rs 2,970 per sq.ft (2024)
• Patel Cross Street: Rs 2,970 per sq.ft (2024)
• Purananuru Street: Rs 2,380 per sq.ft (2024)

Stamp duty and registration fee for property in Perundeviamman Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Perundeviamman Street?

The Sub Registrar Office that covers Perundeviamman Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Hastinapuram. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buyers or sellers engage in property transactions, it is essential to refer to the guideline value to determine the appropriate fees and ensure compliance with local regulations. This helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Perundeviamman Street?

The current guideline value of Perundeviamman Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 525 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 214% over this period.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles the registration for Perundeviamman Street?

The Pallavaram Sub Registrar Office handles the registration for Perundeviamman Street, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

What is the median guideline value of streets in Hastinapuram?

The median guideline value of streets in Hastinapuram is Rs 2,970 per sq.ft, with Perundeviamman Street's 2024 value being below this median.