Guideline Value for Post Audit road

Post Audit road guideline value

The current guideline value of Post Audit road is Rs 7,100 per sq.ft. This road is located in Egmore village, under the Periamet SRO, and is classified as Residential Class II Type - I.

How the guideline value of Post Audit road has changed

The guideline value for Post Audit road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 1,560 per sq.ft. It increased to Rs 1,720 per sq.ft in 2003, marking a 10% rise. The next revision in 2007 saw a significant jump to Rs 4,200 per sq.ft, which was a 144% increase. In 2012, the value adjusted to Rs 6,500 per sq.ft, reflecting a 55% increase from the previous revision. However, in 2017, it decreased to Rs 4,355 per sq.ft, showing a decline of 33%. The value then rose again to Rs 6,500 per sq.ft in 2023, and the most recent revision in 2024 set the current guideline value at Rs 7,100 per sq.ft, representing a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 355%. There are no figures available for the revisions in years other than those mentioned.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value is Rs 7,100 per sq.ft, which matches the current value for Post Audit road.

• Poosala Gengu Reddy street: Rs 7,100 per sq.ft (2024)
• Poosala Boopathy Nagar: Rs 7,100 per sq.ft (2024)
• Poonamallee High road (or) E.V.R. Salai: Rs 18,100 per sq.ft (2024)
• Poonamallee High road lane E.V.R. Lane: Rs 13,500 per sq.ft (2024)
• Prof. Subramaniam Street: Rs 8,300 per sq.ft (2024)
• Pudupet New street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Post Audit road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total fees together to Rs 6,39,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Post Audit road?

The Sub Registrar Office that covers Post Audit road is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Egmore. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware that the guideline value is a key factor in the overall cost of property transactions.

When a property is registered, the guideline value is considered to ensure that the fees are calculated accurately. This helps in maintaining transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Post Audit road?

The current guideline value of Post Audit road is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,560 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, reflecting a total increase of 355% over this period.

What is the land classification for Post Audit road?

Post Audit road is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Post Audit road?

The Sub Registrar Office for Post Audit road is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Egmore?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 71,00,000 would incur a stamp duty of Rs 4,97,000 at a rate of 7%.