Guideline Value

Corporate

Guideline Value for SAMIYAR MADAM 2ND STREET

₹2700/sq.ft.

The guideline value for Samiyar Madam 2nd Street in Perambur village (Purasaivakkam SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perambur

Village

Purasaivakkam

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹550 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹477 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Samiyar Madam 2nd Street

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Samiyar Madam 2nd Street guideline value

The current guideline value of Samiyar Madam 2nd 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 Samiyar Madam 2nd Street has changed

The guideline value for Samiyar Madam 2nd Street has seen significant changes over the years. The earliest recorded revision was in 2003, with a guideline value of Rs 477 per sq.ft. This figure increased to Rs 550 per sq.ft in 2007, marking a 15% rise. By 2023, the value had jumped to Rs 2,500 per sq.ft, reflecting a substantial increase of 355% since 2007. The latest revision in 2024 set the value at Rs 2,700 per sq.ft, which is an 8% increase from the previous year.

There are no recorded figures for the years 2002, 2012, and 2017 for this street. Overall, from 2003 to 2024, the guideline value has increased by 466%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which matches the 2024 figure for Samiyar Madam 2nd Street.

Stamp duty and registration fee for property in Samiyar Madam 2nd 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. Please 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 Samiyar Madam 2nd Street?

The Sub Registrar Office that covers Samiyar Madam 2nd 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 plays a crucial role in property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

During the registration process, buyers and sellers must adhere to the guideline value to avoid discrepancies. This ensures that all transactions are transparent and comply with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Samiyar Madam 2nd Street?

The current guideline value of Samiyar Madam 2nd Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 477 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, representing an overall increase of 466%.

What is the land classification for Samiyar Madam 2nd Street?

Samiyar Madam 2nd Street is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Samiyar Madam 2nd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a plot of 1,000 sq.ft at the guideline value of Rs 2,700 per sq.ft would incur a total cost of Rs 2,43,000 in fees.