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Guideline Value

Corporate

Guideline Value for SIVAGAMI AMMAIYAR COLONY 1ST CROSS STREET

₹3200/sq.ft.

The guideline value for Sivagami Ammaiyar Colony 1st 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 N/A
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹550 /sq.ft.
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 Ammaiyar Colony 1st Cross Street

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Sivagami Ammaiyar Colony 1st Cross Street guideline value

The current guideline value of Sivagami Ammaiyar Colony 1st Cross Street is Rs 3,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Sivagami Ammaiyar Colony 1st Cross Street has changed

The guideline value for Sivagami Ammaiyar Colony 1st Cross Street has undergone several revisions over the years. In the 2007 revision, the guideline value was Rs 550 per sq.ft, which saw a significant increase to Rs 3,000 per sq.ft in both the 2012 and 2023 revisions. The latest revision in 2024 has further increased the value to Rs 3,200 per sq.ft, marking a 7% rise from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, and 2017 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 482%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that have 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 Rs 3,200 per sq.ft for Sivagami Ammaiyar Colony 1st Cross Street is above this median.

Stamp duty and registration fee for property in Sivagami Ammaiyar Colony 1st 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 to Rs 2,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivagami Ammaiyar Colony 1st Cross Street?

The Sub Registrar Office that covers Sivagami Ammaiyar Colony 1st Cross Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO online for more details.

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

The guideline value is a critical factor used during the registration process of property transactions in Perambur. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Sivagami Ammaiyar Colony 1st Cross Street?

The current guideline value of Sivagami Ammaiyar Colony 1st Cross Street is Rs 3,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since the 2007 revision, the guideline value has increased from Rs 550 per sq.ft to Rs 3,200 per sq.ft in 2024, marking an overall increase of 482%.

What is the land classification for this street?

Sivagami Ammaiyar Colony 1st Cross Street falls under the Residential Class III Type - I land classification.

Where is the Sub Registrar Office located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 32,00,000, the stamp duty would amount to Rs 2,24,000.