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Guideline Value

Corporate

Guideline Value for SIVAGAMI AMMAIYAR COLONY 6TH STREET

₹3200/sq.ft.

The guideline value for Sivagami Ammaiyar Colony 6th 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 ₹477 /sq.ft.
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 6th Street

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Sivagami Ammaiyar Colony 6th Street guideline value

The current guideline value of Sivagami Ammaiyar Colony 6th 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 is classified as Residential Class III Type - I.

How the guideline value of Sivagami Ammaiyar Colony 6th Street has changed

Over the years, the guideline value of Sivagami Ammaiyar Colony 6th Street has seen significant changes. The 2003 revision recorded a guideline value of Rs 477 per sq.ft, which increased to Rs 550 per sq.ft in 2007. This marked a rise of 15%. The value then surged dramatically to Rs 3,000 per sq.ft in 2012, reflecting a substantial increase of 445%. The value remained unchanged at Rs 3,000 per sq.ft until the 2023 revision, which set it at Rs 3,000 per sq.ft again. The latest revision in 2024 raised the guideline value to Rs 3,200 per sq.ft, representing a 7% increase from the previous year.

There are no figures available for the revisions in 2017 and 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 571%.

Guideline values in Perambur

In Perambur, the guideline values vary across 1,114 streets under the Purasaivakkam SRO, with figures ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, placing the 2024 guideline value of Rs 3,200 per sq.ft for Sivagami Ammaiyar Colony 6th Street above this median.

Stamp duty and registration fee for property in Sivagami Ammaiyar Colony 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,200 per sq.ft, the total guideline value would be Rs 32,00,000. The stamp duty at 7% would amount to Rs 2,24,000, while 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivagami Ammaiyar Colony 6th Street?

The Sub Registrar Office that covers Sivagami Ammaiyar Colony 6th Street 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 plays a crucial role in the registration process of property transactions in Perambur. It serves as a benchmark for determining 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, it is essential to be aware of the guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of Sivagami Ammaiyar Colony 6th Street?

The current guideline value of Sivagami Ammaiyar Colony 6th 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 changed significantly from Rs 477 per sq.ft in 2003 to Rs 3,200 per sq.ft in 2024, representing an overall increase of 571% over this period.

What is the land classification of Sivagami Ammaiyar Colony 6th Street?

Sivagami Ammaiyar Colony 6th Street is classified as Residential Class III Type - I.

Where can I find the Purasaivakkam Sub Registrar Office?

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

How is stamp duty calculated for properties in Sivagami Ammaiyar Colony 6th Street?

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