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Guideline Value

Corporate

Guideline Value for SIVAGAMI AMMAIAR COLONY 9TH 7TH CROSS STREET

₹3200/sq.ft.

The guideline value for Sivagami Ammaiar Colony 9th 7th Cross Street 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 9th 7th Cross Street

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Sivagami Ammaiar Colony 9th 7th Cross Street guideline value

The current guideline value for Sivagami Ammaiar Colony 9th 7th Cross Street is Rs 3,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Sivagami Ammaiar Colony 9th 7th Cross Street has changed

Over the years, the guideline value for Sivagami Ammaiar Colony 9th 7th Cross Street has seen several revisions. The 2012 revision set the value at Rs 3,000 per sq.ft, which was then reduced to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,000 per sq.ft in the 2023 revision, and further rose to Rs 3,200 per sq.ft in the 2024 revision. Notably, there are no figures available for this street in the revisions for 2002, 2003, and 2007.

From the 2012 revision to the 2024 revision, the overall change is a modest increase of 7%. The transition from the 2017 to 2023 revision marked a substantial increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. The latest revision from 2023 to 2024 reflects a positive change of 7%.

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. The median value among these streets is Rs 2,700 per sq.ft, indicating that the guideline value for Sivagami Ammaiar Colony 9th 7th Cross Street is above this median.

Stamp duty and registration fee for property in Sivagami Ammaiar Colony 9th 7th Cross Street

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 or the sale price.

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

Which Sub Registrar Office covers Sivagami Ammaiar Colony 9th 7th Cross Street?

The Sivagami Ammaiar Colony 9th 7th Cross Street is covered by 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 critical factor during property registration in Perambur. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that both the buyer and seller are aware of the financial obligations involved in the sale.

When buying or selling property, it is essential to refer to the current guideline value, as it influences the overall cost of the transaction. This value serves as a benchmark for taxation and helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value for Sivagami Ammaiar Colony 9th 7th Cross Street?

The current guideline value for Sivagami Ammaiar Colony 9th 7th Cross Street 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 undergone several revisions, starting from Rs 3,000 per sq.ft in 2012, decreasing to Rs 2,010 per sq.ft in 2017, and then increasing to Rs 3,000 per sq.ft in 2023, before reaching Rs 3,200 per sq.ft in 2024.

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

For a property valued at Rs 32,00,000, the stamp duty would be Rs 2,24,000, and the registration fee would be Rs 64,000, totaling Rs 2,88,000. Duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for this street?

The Purasaivakkam Sub Registrar Office handles registrations for Sivagami Ammaiar Colony 9th 7th Cross Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How does the guideline value affect property transactions?

The guideline value is used to calculate the applicable stamp duty and registration fees during property transactions. It serves as a benchmark for taxation and ensures transparency in the buying and selling process.