Guideline Value for SALAIMANAGAR 6TH STREET

Salaimanagar 6th Street guideline value

The current guideline value of Salaimanagar 6th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Salaimanagar 6th Street has changed

The guideline value for Salaimanagar 6th Street has experienced several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 550 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a 355% rise. However, the value dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33%. The value then saw a substantial increase to Rs 2,500 per sq.ft in 2023, followed by another rise to Rs 2,700 per sq.ft in 2024, which is an 8% increase from the previous year.

There are no recorded 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 village, there are 1114 streets under the Purasaivakkam SRO with 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 current guideline value of Salaimanagar 6th Street.

• Salaimanagar 5th Street: Rs 2,700 per sq.ft (2024)
• Salaimanagar 7th Street: Rs 2,700 per sq.ft (2024)
• Salaimanagar 4th Street: Rs 2,700 per sq.ft (2024)
• Salaimanagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Salaimanagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Salaimanagar 1st Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Salaimanagar 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Salaimanagar 6th Street?

The Sub Registrar Office that covers Salaimanagar 6th 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 plays a crucial role in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the actual sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Salaimanagar 6th Street?

The current guideline value of Salaimanagar 6th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 550 per sq.ft to Rs 2,700 per sq.ft in 2024, marking an overall increase of 391% over this period.

What are the stamp duty and registration fees for properties in this area?

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 Sub Registrar Office is responsible for Salaimanagar 6th Street?

The Purasaivakkam Sub Registrar Office is responsible for Salaimanagar 6th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification of Salaimanagar 6th Street?

Salaimanagar 6th Street is classified as Residential Class III Type - II under the current guidelines.