Guideline Value for Police Commssioner Office Salai

Police Commssioner Office Salai guideline value

The current guideline value of Police Commssioner Office Salai is Rs 18,100 per sq.ft, effective from 1 July 2024. This street is located in Egmore village and falls under the Periamet SRO with a land classification of Commercial Special Type - II.

How the guideline value of Police Commssioner Office Salai has changed

The guideline value for Police Commssioner Office Salai has seen significant changes over the years. In the 2007 revision, the value was Rs 4,500 per sq.ft, which increased dramatically to Rs 16,500 per sq.ft in 2012. However, this value decreased by 33% to Rs 11,055 per sq.ft in the 2017 revision. Following this, the value surged to Rs 16,500 per sq.ft in 2023, and then rose again by 10% to reach the current value of Rs 18,100 per sq.ft in 2024. The register has no figures for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 302%. The changes between revisions include a 267% increase from 2007 to 2012, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

Guideline values in Egmore

The village of Egmore has a total of 465 streets under the Periamet SRO, with guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 7,100 per sq.ft, placing Police Commssioner Office Salai's 2024 figure above this median.

• Ponnappan lane: Rs 11,000 per sq.ft (2024)
• Ponnappa Street: Rs 11,000 per sq.ft (2024)
• Ponniamman street: Rs 18,100 per sq.ft (2024)
• Pillaiyar Koil street: Rs 6,300 per sq.ft (2024)
• Perumal reddy street: Rs 3,400 per sq.ft (2024)
• Perumal Reddy lane: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Police Commssioner Office Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 18,100 per sq.ft, the total guideline value amounts to Rs 1,81,00,000. The stamp duty at 7% would be Rs 12,67,000, and the registration fee at 2% would be Rs 3,62,000, bringing the total costs to Rs 16,29,000. It's important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Police Commssioner Office Salai?

The Sub Registrar Office that covers Police Commssioner Office Salai is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Egmore. It determines the minimum value at which a property can be registered, affecting the stamp duty and registration fees that buyers must pay.

When a property is bought or sold, the guideline value is used to calculate the applicable taxes. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Police Commssioner Office Salai?

The current guideline value of Police Commssioner Office Salai is Rs 18,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 4,500 per sq.ft in 2007 to Rs 18,100 per sq.ft in 2024, marking an overall increase of 302% over this period.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Police Commssioner Office Salai is 7%, which is applied to the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for this location?

The Sub Registrar Office for Police Commssioner Office Salai is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the median guideline value for streets in Egmore?

The median guideline value for streets in Egmore is Rs 7,100 per sq.ft, with Police Commssioner Office Salai's value being above this median at Rs 18,100 per sq.ft.