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Guideline Value

Corporate

Guideline Value for SRI CHAKKARA AVENUE 4th STREET

₹2970/sq.ft.

The guideline value for Sri Chakkara Avenue 4th Street in Perungalathur village (Padappai SRO, Chennai zone) is Rs 2970 per sq.ft, effective 1 July 2024. It was Rs 2700 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungalathur

Village

Padappai

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2970 /sq.ft.
From 1-4-2023 ₹2700 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Sri Chakkara Avenue 4th Street

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SRI CHAKKARA AVENUE 4th STREET guideline value

The current guideline value of SRI CHAKKARA AVENUE 4th STREET is Rs 2,970 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai SRO, classified as Commercial Class I Type - II.

How the guideline value of SRI CHAKKARA AVENUE 4th STREET has changed

The guideline value for SRI CHAKKARA AVENUE 4th STREET has undergone several revisions over the years. The register does not have figures for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 2,700 per sq.ft, which increased by 10% to Rs 2,970 per sq.ft in the 2024 revision.

This increase reflects the changes in the guideline value over the last year. The 2024 figure of Rs 2,970 per sq.ft is higher than the median value of Rs 2,310 per sq.ft for the 411 streets in Perungalathur under the Padappai SRO.

Guideline values in Perungalathur

In Perungalathur, the guideline values range from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. SRI CHAKKARA AVENUE 4th STREET's current guideline value is above this median.

Stamp duty and registration fee for property in SRI CHAKKARA AVENUE 4th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value would be Rs 29,70,000. The stamp duty at 7% would amount to Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, bringing the total charges to Rs 2,67,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating your fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SRI CHAKKARA AVENUE 4th STREET?

The Sub Registrar Office that covers SRI CHAKKARA AVENUE 4th STREET is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration of properties in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees applicable during property transactions.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a value that reflects the current market conditions, thus protecting both buyers and sellers during the registration process.

Frequently asked questions

What is the current guideline value of SRI CHAKKARA AVENUE 4th STREET?

The current guideline value of SRI CHAKKARA AVENUE 4th STREET is Rs 2,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for SRI CHAKKARA AVENUE 4th STREET was Rs 2,700 per sq.ft in 2023 and increased by 10% to Rs 2,970 per sq.ft in 2024. The register does not have figures for this street for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of SRI CHAKKARA AVENUE 4th STREET?

SRI CHAKKARA AVENUE 4th STREET is classified as Commercial Class I Type - II. This classification can influence the guideline value and property usage in the area.

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

The stamp duty for a property in SRI CHAKKARA AVENUE 4th STREET is 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total cost of Rs 2,67,300 in fees.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office covering SRI CHAKKARA AVENUE 4th STREET is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.