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Guideline Value

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Guideline Value for Prabhu Street (Bashyam Reddy Colony)

₹2700/sq.ft.

The guideline value for Prabhu Street (bashyam Reddy Colony) in Peravallur village (Sembiam SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Peravallur

Village

Sembiam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Prabhu Street (bashyam Reddy Colony)

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Prabhu Street (Bashyam Reddy Colony) guideline value

The current guideline value of Prabhu Street (Bashyam Reddy Colony) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village and falls under the Sembiam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Prabhu Street (Bashyam Reddy Colony) has changed

The guideline value of Prabhu Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012. However, it then decreased to Rs 1,675 per sq.ft in 2017. Following this, the value rose significantly to Rs 2,500 per sq.ft in 2023, and the current revision for 2024 is Rs 2,700 per sq.ft. The changes from 2017 to 2023 reflect a notable increase of 49%, while the change from 2023 to 2024 indicates an 8% rise.

It is important to note that the register has no figure for Prabhu Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 170%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft, with a median value of Rs 3,301 per sq.ft. Prabhu Street's 2024 guideline value of Rs 2,700 per sq.ft is below the median.

Stamp duty and registration fee for property in Prabhu Street (Bashyam Reddy Colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is 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 information.

Which Sub Registrar Office covers Prabhu Street (Bashyam Reddy Colony)?

The Sub Registrar Office that covers Prabhu Street (Bashyam Reddy Colony) is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process of property transactions in Peravallur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and compliance with local regulations.

When buying or selling property, the guideline value influences the stamp duty and registration fees. Buyers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is fairly assessed.

Frequently asked questions

What is the current guideline value of Prabhu Street (Bashyam Reddy Colony)?

The current guideline value of Prabhu Street (Bashyam Reddy Colony) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 170% over the years.

What is the land classification for Prabhu Street (Bashyam Reddy Colony)?

The land classification for Prabhu Street (Bashyam Reddy Colony) is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Prabhu Street (Bashyam Reddy Colony)?

The Sub Registrar Office for Prabhu Street (Bashyam Reddy Colony) is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in Prabhu Street (Bashyam Reddy Colony)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at 7%.