Guideline Value for S.B.O.A COLONY 1ST STREET

S.B.O.A Colony 1st Street guideline value

The current guideline value of S.B.O.A Colony 1st Street is Rs 6,400 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and it falls under the land classification of Residential Special Type - I.

How the guideline value of S.B.O.A Colony 1st Street has changed

Over the years, the guideline value of S.B.O.A Colony 1st Street has seen significant changes. The register shows that in 2002, the guideline value was Rs 649 per sq.ft. This figure increased to Rs 712 per sq.ft in 2003, marking a 10% rise. The value then saw a substantial increase to Rs 1,140 per sq.ft in 2007, which was a 60% change. Following that, the value surged dramatically to Rs 6,000 per sq.ft in 2012, reflecting a 426% increase. However, it dropped to Rs 4,020 per sq.ft in 2017, which was a decrease of 33%. The guideline value then rose to Rs 6,000 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 6,400 per sq.ft, indicating a 7% increase.

There are no figures available for the years between 2002 and 2007, and also for the years between 2017 and 2023. Overall, from 2002 to 2024, the guideline value has increased by 886%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, and S.B.O.A Colony 1st Street's 2024 figure is above this median.

• S.B.O.A Colony: Rs 6,400 per sq.ft (2024)
• S.B.O.A Colony 2nd Street: Rs 6,400 per sq.ft (2024)
• School Lane: Rs 5,400 per sq.ft (2024)
• School Road: Rs 6,400 per sq.ft (2024)
• Sathyavani Muthu Nagar 9th Street: Rs 2,700 per sq.ft (2024)
• Sathyavani Muthu Nagar 8th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in S.B.O.A Colony 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,400 per sq.ft, the total guideline value would be Rs 64,00,000. The stamp duty at 7% would amount to Rs 4,48,000, and the registration fee at 2% would be Rs 1,28,000, bringing the total to Rs 5,76,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers S.B.O.A Colony 1st Street?

The Sub Registrar Office that covers S.B.O.A Colony 1st Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Perambur. It determines the minimum price at which a property can be registered and is used to calculate the stamp duty and registration fees.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value set by the government. It is crucial for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of S.B.O.A Colony 1st Street?

The current guideline value of S.B.O.A Colony 1st Street is Rs 6,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 649 per sq.ft in 2002 to Rs 6,400 per sq.ft in 2024, which is an overall increase of 886%.

What is the land classification for S.B.O.A Colony 1st Street?

S.B.O.A Colony 1st Street falls under the land classification of Residential Special Type - I.

Where can I find the Sub Registrar Office for S.B.O.A Colony 1st Street?

The Purasaivakkam Sub Registrar Office, which covers S.B.O.A Colony 1st Street, is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in S.B.O.A Colony 1st Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 6,400 per sq.ft, the stamp duty would be Rs 4,48,000.