Guideline Value for SALAIMANAGAR

Salaimanagar guideline value

The current guideline value for Salaimanagar, located in Perambur village under the Purasaivakkam SRO, is Rs 2,700 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - II land classification.

How the guideline value of Salaimanagar has changed

Over the years, the guideline value of Salaimanagar has seen significant changes. The 2002 revision recorded a guideline value of Rs 435 per sq.ft, which increased to Rs 477 per sq.ft in 2003, marking a 10% rise. In 2007, the value further increased to Rs 550 per sq.ft, reflecting a 15% change. The 2017 revision saw a substantial jump to Rs 1,675 per sq.ft, a 205% increase from the previous revision. The value continued to rise, reaching Rs 2,500 per sq.ft in 2023, which was a 49% increase from 2017. The current value of Rs 2,700 per sq.ft effective from July 2024 represents an 8% increase from the 2023 revision. It is important to note that the register has no figure for this street for the year 2012.

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, with the median value being Rs 2,700 per sq.ft. Salaimanagar's 2024 figure aligns with this median value.

• Salaimanagar 1st Street: 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)
• Sakthi Vinayagar Koil Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Salaimanagar

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 cost for these fees 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Salaimanagar?

The Sub Registrar Office that covers Salaimanagar is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, you can find your SRO.

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 is used to determine the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the official value set by the government.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration. This ensures transparency and compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Salaimanagar?

The current guideline value of Salaimanagar 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 from Rs 435 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, representing an overall increase of 521%.

What is the land classification of Salaimanagar?

Salaimanagar is classified as Residential Class III Type - II, indicating its use for residential purposes.

Where is the Sub Registrar Office for Salaimanagar located?

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

What are the stamp duty and registration fees for a property in Salaimanagar?

For a property valued at 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.