Guideline Value for SARMA NAGAR DOOR NO.1 TO 450.

Sarma Nagar Door No.1 To 450. guideline value

The current guideline value of Sarma Nagar Door No.1 To 450. is Rs 2,700 per sq.ft, effective from 1 July 2024. This property is located in Perambur village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Sarma Nagar Door No.1 To 450. has changed

The guideline value for Sarma Nagar Door No.1 To 450. has seen several revisions over the years. In 2002, the value was Rs 435 per sq.ft, which increased to Rs 477 per sq.ft in 2003, marking a 10% rise. The value then saw a modest increase of 5% to Rs 500 per sq.ft in 2007. Following this, there was a significant jump of 400% to Rs 2,500 per sq.ft in 2012. However, from 2012 to 2017, the value decreased by 33% to Rs 1,675 per sq.ft. The most recent revision in 2024 brought the guideline value to Rs 2,700 per sq.ft, reflecting a 61% increase from the 2017 figure.

It is important to note that the register has no figure for the year 2023 for this street.

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 a median value of Rs 2,700 per sq.ft. The guideline value of Sarma Nagar Door No.1 To 450. aligns with this median.

• Saraswathy Street: Rs 3,800 per sq.ft (2024)
• Saraswathy Square Street: Rs 4,300 per sq.ft (2024)
• Sathiabama Street: Rs 2,200 per sq.ft (2024)
• Sathiamurthy Road: Rs 2,700 per sq.ft (2024)
• Sathiyamurthy Nagar: Rs 2,700 per sq.ft (2024)
• Sathiyamurthy (Road) Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sarma Nagar Door No.1 To 450.

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, totaling Rs 2,43,000. It is important to note that 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 Sarma Nagar Door No.1 To 450.?

The Sub Registrar Office that covers Sarma Nagar Door No.1 To 450. is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for further assistance.

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

The guideline value is a crucial factor 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 that transactions are transparent and fair.

When registering a property, buyers and sellers must consider the guideline value to calculate applicable stamp duties and registration fees. This ensures that the transaction adheres to legal requirements and reflects the property's assessed value.

Frequently asked questions

What is the current guideline value of Sarma Nagar Door No.1 To 450.?

The current guideline value of Sarma Nagar Door No.1 To 450. 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, reflecting an overall increase of 521% over the years.

What is the stamp duty for properties in Sarma Nagar Door No.1 To 450.?

The stamp duty for properties in Sarma Nagar Door No.1 To 450. is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sarma Nagar Door No.1 To 450.?

The Sub Registrar Office for Sarma Nagar Door No.1 To 450. is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Sarma Nagar Door No.1 To 450.?

The land classification for Sarma Nagar Door No.1 To 450. is Residential Class III Type - II.