Guideline Value for S.B.O.A COLONY 2ND STREET

S.B.O.A Colony 2nd Street guideline value

The current guideline value of S.B.O.A Colony 2nd 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 is classified as Residential Special Type - I.

How the guideline value of S.B.O.A Colony 2nd Street has changed

The guideline value for S.B.O.A Colony 2nd Street has seen several revisions over the years. In 2002, the guideline value was Rs 649 per sq.ft, which increased to Rs 712 per sq.ft in 2003, marking a 10% rise. The value then rose significantly to Rs 1,140 per sq.ft in 2007, reflecting a 60% increase. Following this, the value surged to Rs 6,000 per sq.ft in 2012, a remarkable increase of 426%. However, it dropped to Rs 4,020 per sq.ft in 2017, showing a decrease of 33%. The value then increased to Rs 6,000 per sq.ft in 2023, before reaching the current figure of Rs 6,400 per sq.ft in 2024, representing a 7% increase.

Overall, from 2002 to 2024, the guideline value has increased by 886%. There are no figures available for revisions in the years not mentioned in the register for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO carrying a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of S.B.O.A Colony 2nd Street is above this median.

• S.B.O.A Colony 1st Street: Rs 6,400 per sq.ft (2024)
• S.B.O.A Colony: 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 2nd 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, leading to a total of Rs 5,76,000. Please note that the 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 S.B.O.A Colony 2nd Street?

The Sub Registrar Office that covers S.B.O.A Colony 2nd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Perambur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must consider the guideline value as it impacts the overall costs involved in the transaction. It is essential for buyers 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 2nd Street?

The current guideline value of S.B.O.A Colony 2nd 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 from Rs 649 per sq.ft in 2002 to Rs 6,400 per sq.ft in 2024, reflecting an overall increase of 886% over the years.

What is the land classification for S.B.O.A Colony 2nd Street?

S.B.O.A Colony 2nd Street is classified as Residential Special Type - I under the current guidelines.

Where can I find the Purasaivakkam Sub Registrar Office?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How do I calculate stamp duty and registration fees?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is 2% of the guideline value. You can use the stamp duty and registration fee calculator for precise calculations.