Guideline Value

Corporate

Guideline Value for SRI VARADHAURAM 1ST-2ND MAIN ROAD

₹2725/sq.ft.

The guideline value for Sri Varadhauram 1st-2nd Main Road 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 Varadhauram 1st-2nd Main Road

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Sri Varadhauram 1st-2nd Main Road guideline value

The current guideline value of Sri Varadhauram 1st-2nd Main Road is Rs 2,725 per sq.ft, effective from 1 July 2024. This road is located in Perumbakkam village under the Selaiyur Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of Sri Varadhauram 1st-2nd Main Road has changed

The guideline value for Sri Varadhauram 1st-2nd Main Road has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision. This marked a significant drop of 33%. However, from 2017 to 2023, the value increased by 49% to Rs 2,500 per sq.ft. The latest revision in 2024 has further increased the value to Rs 2,725 per sq.ft, reflecting a 9% rise from the previous year.

It is important to note that there are no registered figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 9%.

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 value among these streets is Rs 2,725 per sq.ft, which is equal to the guideline value of Sri Varadhauram 1st-2nd Main Road.

Stamp duty and registration fee for property in Sri Varadhauram 1st-2nd Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,725 per sq.ft, the guideline value amounts to Rs 27,25,000. The stamp duty, charged at 7%, would be Rs 1,90,750, while the registration fee at 2% would be Rs 54,500, bringing the total 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 also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Sri Varadhauram 1st-2nd Main Road?

The Sub Registrar Office that covers Sri Varadhauram 1st-2nd Main Road 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.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Perumbakkam. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased. When registering a property, the buyer must pay stamp duty and registration fees based on this guideline value or the sale price, whichever is higher.

This ensures that the transaction is recorded at a fair value and helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration regulations.

Frequently asked questions

What is the current guideline value of Sri Varadhauram 1st-2nd Main Road?

The current guideline value of Sri Varadhauram 1st-2nd Main Road 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 seen various changes, with the most recent increase from Rs 2,500 per sq.ft in 2023 to Rs 2,725 per sq.ft in 2024, a rise of 9%. Overall, from 2012 to 2024, the value increased by 9%.

What is the land classification for Sri Varadhauram 1st-2nd Main Road?

Sri Varadhauram 1st-2nd Main Road is classified as Residential Special Type - I, indicating its suitability for residential development.

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 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 instance, a property valued at Rs 27,25,000 would incur a stamp duty of Rs 1,90,750 at the rate of 7%.