Guideline Value for Pettai St

Pettai St guideline value

The current guideline value of Pettai St in Perampakkam village is Rs 350 per sq.ft, effective from 1 July 2024. This street falls under the Perambakkam SRO and is classified as Residential Class II Type - I.

How the guideline value of Pettai St has changed

The guideline value for Pettai St has seen several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased to Rs 350 per sq.ft in 2012, marking a significant increase of 250%. However, between 2012 and 2017, the value decreased by 33% to Rs 234 per sq.ft. The 2023 revision maintained the value at Rs 350 per sq.ft, and the current 2024 revision also holds the guideline value at Rs 350 per sq.ft, indicating no change from the previous year.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 250%.

Guideline values in Perampakkam

In Perampakkam, there are 20 streets under the Perambakkam SRO that have a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft. The median value is Rs 350 per sq.ft, placing Pettai St's 2024 figure at the median level.

• Perumal Koil St: Rs 400 per sq.ft (2024)
• Puttalaman Koil St (Pandaram St): Rs 350 per sq.ft (2024)
• Nallathamman Koil St: Rs 326 per sq.ft (2024)
• Mudaliar St: Rs 200 per sq.ft (2024)
• Sathya Sai Nagar: Rs 300 per sq.ft (2024)
• MGR Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Pettai St

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total fees to Rs 31,500. 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 Pettai St?

The Sub Registrar Office that covers Pettai St is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Perampakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Pettai St?

The current guideline value of Pettai St is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 350 per sq.ft in 2012, then decreased to Rs 234 per sq.ft in 2017, and has remained at Rs 350 per sq.ft in both 2023 and 2024.

What are the stamp duty and registration fees for property in Pettai St?

For a 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 31,500, which includes stamp duty and registration fees based on the guideline value.

Which office handles property registrations for Pettai St?

The Perambakkam Sub Registrar Office handles property registrations for Pettai St, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.

What is the significance of guideline value in property transactions?

The guideline value is significant as it determines the minimum value for property registration and is used to calculate the applicable stamp duty and registration fees during a transaction.