Guideline Value

Corporate

Guideline Value for S.R.P. Colony 14th Street

₹5500/sq.ft.

The guideline value for S.r.p. Colony 14th Street in Peravallur village (Sembiam SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Peravallur

Village

Sembiam

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /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 S.r.p. Colony 14th Street

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S.R.P. Colony 14th Street guideline value

The current guideline value of S.R.P. Colony 14th Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village and falls under the Sembiam SRO, classified as Commercial Class I Type - I.

How the guideline value of S.R.P. Colony 14th Street has changed

Over the years, the guideline value for S.R.P. Colony 14th Street has seen several revisions. The earliest recorded value was Rs 1,000 per sq.ft in 2007. This increased significantly to Rs 5,000 per sq.ft in 2012, marking a 400% rise. However, in 2017, the value dropped to Rs 3,350 per sq.ft, which was a decrease of 33%. The value then increased again to Rs 5,000 per sq.ft in 2023, before reaching the current figure of Rs 5,500 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. Overall, from the 2007 figure to the current 2024 value, there has been a remarkable increase of 450%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

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. The guideline value of S.R.P. Colony 14th Street is above this median.

Stamp duty and registration fee for property in S.R.P. Colony 14th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees together to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers S.R.P. Colony 14th Street?

The S.R.P. Colony 14th Street is covered by the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Peravallur. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When a property is registered, the guideline value helps determine the official value of the transaction, which can influence the overall costs involved in the sale. Buyers and sellers should always be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of S.R.P. Colony 14th Street?

The current guideline value of S.R.P. Colony 14th Street is Rs 5,500 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 5,500 per sq.ft in 2024, showing an overall increase of 450% over the years.

What are the stamp duty and registration fees for property in S.R.P. Colony 14th Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 55,00,000. The stamp duty at 7% is Rs 3,85,000, and the registration fee at 2% is Rs 1,10,000, totaling Rs 4,95,000 in fees.

Which Sub Registrar Office covers S.R.P. Colony 14th Street?

The S.R.P. Colony 14th Street is covered by the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the median guideline value in Peravallur?

The median guideline value in Peravallur is Rs 3,301 per sq.ft, while S.R.P. Colony 14th Street has a guideline value above this median, at Rs 5,500 per sq.ft.