Guideline Value for SRIPERUMPUDUR MAIN SALAI-II (SAMPANDANAR STREET PART TO SRI GANESH MAHAL KALYANA MANDAPAM)

Sriperumpudur Main Salai-II (Sampandanar Street Part To Sri Ganesh Mahal Kalyana Mandapam) guideline value

The current guideline value of Sriperumpudur Main Salai-II (Sampandanar Street Part To Sri Ganesh Mahal Kalyana Mandapam) is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village and falls under the Manavalanagar SRO. The land classification for this street is Commercial Class I Type - I.

How the guideline value of Sriperumpudur Main Salai-II (Sampandanar Street Part To Sri Ganesh Mahal Kalyana Mandapam) has changed

The guideline value of Sriperumpudur Main Salai-II has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, it decreased to Rs 1,340 per sq.ft in 2017. The value remained the same at Rs 2,000 per sq.ft in both 2023 and the latest revision in 2024, indicating no change between these two years.

Looking at the changes, from 2007 to 2012, there was a remarkable increase of 700%. The value then dropped by 33% from 2012 to 2017. Following that, there was a substantial increase of 49% from 2017 to 2023, and finally, the value remained unchanged from 2023 to 2024.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO, with guideline values ranging from Rs 500 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, making the 2024 figure for Sriperumpudur Main Salai-II above that median.

• Sriperumpudur Main Salai-I (Indhira Gandhi Silai To Sampandanar Street Part): Rs 2,000 per sq.ft (2024)
• Subramania Siva Street: Rs 800 per sq.ft (2024)
• Sozhan Street: Rs 1,300 per sq.ft (2024)
• Sundaram Street: Rs 1,300 per sq.ft (2024)
• Siru Thondan Street: Rs 1,300 per sq.ft (2024)
• Thangadurai Street: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Sriperumpudur Main Salai-II (Sampandanar Street Part To Sri Ganesh Mahal Kalyana Mandapam)

For a 1,000 sq.ft plot at the current rate of Rs 2,000 per sq.ft, the guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total to Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sriperumpudur Main Salai-II (Sampandanar Street Part To Sri Ganesh Mahal Kalyana Mandapam)?

The Sub Registrar Office that covers Sriperumpudur Main Salai-II is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Vengathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sriperumpudur Main Salai-II?

The current guideline value of Sriperumpudur Main Salai-II (Sampandanar Street Part To Sri Ganesh Mahal Kalyana Mandapam) is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, from Rs 250 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2012, then to Rs 1,340 per sq.ft in 2017, and remaining at Rs 2,000 per sq.ft in both 2023 and 2024.

What is the classification of land for this street?

The land classification for Sriperumpudur Main Salai-II is Commercial Class I Type - I, indicating its suitability for commercial use.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sriperumpudur Main Salai-II is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

How do I calculate stamp duty and registration fees?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 20,00,000, the stamp duty would be Rs 1,40,000 and the registration fee would be Rs 40,000, totaling Rs 1,80,000.