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Guideline Value

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Guideline Value for SRI VARADHAPURAM 2ND MAIN ROAD 1ST-6TH CROSS STREET

₹2725/sq.ft.

The guideline value for Sri Varadhapuram 2nd Main Road 1st-6th Cross Street in Perumbakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2725 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Perumbakkam

Village

Selaiyur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2725 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /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)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Varadhapuram 2nd Main Road 1st-6th Cross Street

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Sri Varadhapuram 2nd Main Road 1st-6th Cross Street guideline value

The current guideline value for Sri Varadhapuram 2nd Main Road 1st-6th Cross Street is Rs 2,725 per sq.ft, effective from 1 July 2024. This street is located in Perumbakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Varadhapuram 2nd Main Road 1st-6th Cross Street has changed

Over the years, the guideline value for Sri Varadhapuram 2nd Main Road 1st-6th Cross Street has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 1,675 per sq.ft. The 2023 revision increased the value to Rs 2,500 per sq.ft, and the most recent 2024 revision raised it to Rs 2,725 per sq.ft, marking a 9% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a net increase of 9%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,725 per sq.ft, which is equal to the current value for Sri Varadhapuram 2nd Main Road 1st-6th Cross Street.

Stamp duty and registration fee for property in Sri Varadhapuram 2nd Main Road 1st-6th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,725 per sq.ft, the total guideline value would be Rs 27,25,000. The stamp duty at 7% would be Rs 1,90,750, and the registration fee at 2% would be Rs 54,500, bringing the total fees to Rs 2,45,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Varadhapuram 2nd Main Road 1st-6th Cross Street?

The Sub Registrar Office that covers Sri Varadhapuram 2nd Main Road 1st-6th Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Perumbakkam. It serves as the minimum value for property transactions and is used to calculate the stamp duty and registration fees payable at the time of registration. This ensures that the transaction is recorded accurately and in accordance with government regulations.

When you register a property, the guideline value helps determine the financial obligations associated with the transaction. Buyers and sellers must be aware of these values to ensure compliance with local laws and to avoid any potential legal issues during the transfer of property ownership.

Frequently asked questions

What is the current guideline value for Sri Varadhapuram 2nd Main Road 1st-6th Cross Street?

The current guideline value for Sri Varadhapuram 2nd Main Road 1st-6th Cross Street is Rs 2,725 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 2,500 per sq.ft in 2023 to Rs 2,725 per sq.ft in 2024, marking a 9% increase.

What is the land classification for this street?

Sri Varadhapuram 2nd Main Road 1st-6th Cross Street is classified as Residential Special Type - I.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,25,000, the stamp duty at 7% would be Rs 1,90,750.