Guideline Value for SALAIMANAGAR 1ST STREET

Salaimanagar 1st Street guideline value

The current guideline value of Salaimanagar 1st Street is Rs 2,700 per sq.ft. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of Salaimanagar 1st Street has changed

Over the years, the guideline value of Salaimanagar 1st Street has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 550 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a 355% rise. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The value then rose to Rs 2,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, which is an 8% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 391%.

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, which is equal to the 2024 figure for Salaimanagar 1st Street.

• Salaimanagar: Rs 2,700 per sq.ft (2024)
• Salaimanagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Salaimanagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Salaimanagar 4th Street: Rs 2,700 per sq.ft (2024)
• Salaimanagar 5th Street: Rs 2,700 per sq.ft (2024)
• Salaimanagar 6th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Salaimanagar 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value would be Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Salaimanagar 1st Street?

The Sub Registrar Office that covers Salaimanagar 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Salaimanagar 1st Street?

The current guideline value of Salaimanagar 1st Street 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 significantly, with the value increasing from Rs 550 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 391%.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles property registration in Salaimanagar 1st Street?

The Purasaivakkam Sub Registrar Office handles property registration for Salaimanagar 1st Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

Where can I find more information about guideline values in Perambur?

More information about guideline values in Perambur can be found in the guideline value register maintained by the Registration Department, which includes figures for various streets in the area.