Guideline Value for SALAIMANAGAR 4TH STREET

Salaimanagar 4th Street guideline value

The current guideline value of Salaimanagar 4th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. 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 4th Street has changed

The guideline value for Salaimanagar 4th Street has seen significant changes over the years. In 2007, the guideline value was Rs 550 per sq.ft, which increased to Rs 1,675 per sq.ft in 2017, marking a substantial rise of 205%. The value then rose to Rs 2,500 per sq.ft in 2023, reflecting a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, representing an 8% increase from 2023.

There are no figures available for the revisions in 2002, 2003, and 2012 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 guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the 2024 figure for Salaimanagar 4th Street.

• Salaimanagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Salaimanagar 5th Street: Rs 2,700 per sq.ft (2024)
• Salaimanagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Salaimanagar 6th Street: Rs 2,700 per sq.ft (2024)
• Salaimanagar 1st Street: Rs 2,700 per sq.ft (2024)
• Salaimanagar 7th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Salaimanagar 4th Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to 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, bringing the total to Rs 2,43,000. It is important to 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 to get an estimate for your property transactions.

Which Sub Registrar Office covers Salaimanagar 4th Street?

The Sub Registrar Office that covers Salaimanagar 4th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. To find your specific SRO, you can visit find your SRO.

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 a property can be registered, ensuring that the transaction is in accordance with the prevailing market rates.

When you buy or sell property, the guideline value will be used to calculate applicable fees such as stamp duty and registration fees. It is essential for buyers and sellers to be aware of these values to ensure compliance during the registration process.

Frequently asked questions

What is the current guideline value of Salaimanagar 4th Street?

The current guideline value of Salaimanagar 4th 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 increased from Rs 550 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, showing a significant rise of 391% over the years.

What are the other streets in Perambur with the same guideline value?

Other streets in Perambur that share the same guideline value of Rs 2,700 per sq.ft include Salaimanagar 1st, 2nd, 3rd, 5th, 6th, and 7th Streets.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in this area is 7%, which is applied to the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Salaimanagar 4th Street?

The Purasaivakkam Sub Registrar Office, which covers Salaimanagar 4th Street, is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.