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Guideline Value

Corporate

Guideline Value for SIVAGAMI AMMAIAR COLONY 8TH 2ND CROSS LANE

₹3200/sq.ft.

The guideline value for Sivagami Ammaiar Colony 8th 2nd Cross Lane in Perambur village (Purasaivakkam SRO, Chennai zone) is Rs 3200 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perambur

Village

Purasaivakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹3200 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
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)

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 Sivagami Ammaiar Colony 8th 2nd Cross Lane

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Sivagami Ammaiar Colony 8th 2nd Cross Lane guideline value

The current guideline value of Sivagami Ammaiar Colony 8th 2nd Cross Lane is Rs 3,200 per sq.ft, effective from 1 July 2024. This locality is situated in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - I.

How the guideline value of Sivagami Ammaiar Colony 8th 2nd Cross Lane has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This figure then decreased to Rs 2,010 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 3,000 per sq.ft. The most recent revision in 2024 shows a further increase to Rs 3,200 per sq.ft, marking a 7% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 7%.

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 for these streets is Rs 2,700 per sq.ft, placing the 2024 guideline value of Sivagami Ammaiar Colony 8th 2nd Cross Lane above this median.

Stamp duty and registration fee for property in Sivagami Ammaiar Colony 8th 2nd Cross Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,200 per sq.ft, the total guideline value amounts to Rs 32,00,000. The stamp duty at 7% would be Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, bringing the total fees to Rs 2,88,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sivagami Ammaiar Colony 8th 2nd Cross Lane?

The Sub Registrar Office that covers Sivagami Ammaiar Colony 8th 2nd Cross Lane 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 is a crucial factor in the registration process of property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sivagami Ammaiar Colony 8th 2nd Cross Lane?

The current guideline value of Sivagami Ammaiar Colony 8th 2nd Cross Lane is Rs 3,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,200 per sq.ft in 2024.

What is the land classification for this area?

Sivagami Ammaiar Colony 8th 2nd Cross Lane is classified as Residential Class III Type - I.

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

The Sub Registrar Office for Sivagami Ammaiar Colony 8th 2nd Cross Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 32,00,000, the stamp duty would be Rs 2,24,000 at a rate of 7%.