Guideline Value for Perunjseethanar Street

Perunjseethanar Street guideline value

The current guideline value of Perunjseethanar Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam 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 Perunjseethanar Street has changed

The guideline value for Perunjseethanar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, and in the latest 2024 revision, it rose to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 1,650 per sq.ft, which is equal to the current guideline value of Perunjseethanar Street.

• Pillayar Koil Street: Rs 2,750 per sq.ft (2024)
• Pirai Kanagaraj Avenue: Rs 2,750 per sq.ft (2024)
• Pirathip Avenue(Kalyanasundharam street): Rs 1,650 per sq.ft (2024)
• Pishmar Street: Rs 1,650 per sq.ft (2024)
• Periyar Ist Street: Rs 1,650 per sq.ft (2024)
• Periyar 8th Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Perunjseethanar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total 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 or the sale price.

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

Which Sub Registrar Office covers Perunjseethanar Street?

The Sub Registrar Office that covers Perunjseethanar 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 Chitlapakkam

The guideline value is a crucial factor during the registration of property transactions in Chitlapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Perunjseethanar Street?

The current guideline value of Perunjseethanar 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 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 10% since 2012.

What are the other streets in Chitlapakkam with similar guideline values?

Other streets in Chitlapakkam with a guideline value of Rs 1,650 per sq.ft in 2024 include Pirathip Avenue, Pishmar Street, Periyar Ist Street, and Periyar 8th Street.

Where can I calculate my stamp duty and registration fees?

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles the registration for Perunjseethanar Street?

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