Guideline Value for SRI PERUMBUDUR ROAD

Sri Perumbudur Road guideline value

The current guideline value of Sri Perumbudur Road is Rs 1,500 per sq.ft, effective from 1 July 2024. This road is located in SingaperumalKoil village and falls under the Chengleput Joint II SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Sri Perumbudur Road has changed

The guideline value for Sri Perumbudur Road has seen several revisions over the years. In the 2007 revision, the value was set at Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, it dropped to Rs 1,005 per sq.ft in the 2017 revision, before returning to Rs 1,500 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

From 2017 to 2023, there was a notable increase of 49%. The overall change from the 2007 revision to the current 2024 revision reflects a substantial increase of 275%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in SingaperumalKoil

In SingaperumalKoil, there are 33 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Sri Perumbudur Road is above this median.

• T.G.Balabathiran Street: Rs 1,100 per sq.ft (2024)
• Thangammal Kalani: Rs 1,100 per sq.ft (2024)
• Thangammal Nagar: Rs 1,100 per sq.ft (2024)
• Theradi Street (A) Kamarajar Street: Rs 1,500 per sq.ft (2024)
• Thiruvalluvar Street: Rs 800 per sq.ft (2024)
• Sannadhi Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Perumbudur Road

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Perumbudur Road?

The Sub Registrar Office that covers Sri Perumbudur Road is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor when registering a property in SingaperumalKoil. It determines the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the legal valuation of the property. It is essential for ensuring compliance with local regulations and for calculating the necessary fees during the registration process.

Frequently asked questions

What is the current guideline value of Sri Perumbudur Road?

The current guideline value of Sri Perumbudur Road is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and returned to Rs 1,500 per sq.ft in both 2023 and 2024.

What is the land classification for Sri Perumbudur Road?

Sri Perumbudur Road is classified as Mixed Type - I, which indicates the nature of land use in the area.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Sri Perumbudur Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 15,00,000 would incur a stamp duty of Rs 1,05,000.