Guideline Value

Corporate

Guideline Value for SHRIPROP PROPERTIES - G.S.T. ROAD

₹4930/sq.ft.

The guideline value for Shriprop Properties - G.s.t. Road in Perungalathur village (Padappai SRO, Chennai zone) is Rs 4930 per sq.ft, effective 1 July 2024. It was Rs 4478 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungalathur

Village

Padappai

SRO

Mixed Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹4930 /sq.ft.
From 1-4-2023 ₹4478 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3000 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Shriprop Properties - G.s.t. Road

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Shriprop Properties - G.S.T. Road guideline value

The current guideline value for Shriprop Properties - G.S.T. Road is Rs 4,930 per sq.ft, effective from 1 July 2024. This property is located in Perungalathur village, under the Padappai SRO, and is classified as Mixed Special Type - II.

How the guideline value of Shriprop Properties - G.S.T. Road has changed

The guideline value for Shriprop Properties has seen several revisions over the years. In 2017, the value was set at Rs 3,000 per sq.ft. This figure was then increased to Rs 4,478 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 4,930 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,310 per sq.ft, placing the current guideline value for Shriprop Properties above this median.

Stamp duty and registration fee for property in Shriprop Properties - G.S.T. Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,930 per sq.ft, the total guideline value amounts to Rs 49,30,000. The stamp duty at 7% would be Rs 3,45,100, and the registration fee at 2% would be Rs 98,600, bringing the total to Rs 4,43,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shriprop Properties - G.S.T. Road?

The Sub Registrar Office that covers Shriprop Properties - G.S.T. Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Perungalathur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction reflects a fair value based on the prevailing rates in the area.

When buying or selling property, both the buyer and seller must consider the guideline value to calculate applicable stamp duties and registration fees. This helps in ensuring compliance with local regulations and accurate financial planning for the transaction.

Frequently asked questions

What is the current guideline value for Shriprop Properties - G.S.T. Road?

The current guideline value for Shriprop Properties - G.S.T. Road is Rs 4,930 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 3,000 per sq.ft in 2017 to Rs 4,930 per sq.ft in 2024, marking an overall increase of 64% during this period.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the guideline value is Rs 49,30,000. The stamp duty at 7% is Rs 3,45,100, and the registration fee at 2% is Rs 98,600, totaling Rs 4,43,700.

Which office handles the registration for Shriprop Properties - G.S.T. Road?

The registration for Shriprop Properties - G.S.T. Road is handled by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration price for property transactions, influencing the calculation of stamp duties and registration fees. It ensures that the transaction reflects the prevailing market conditions in the area.