Guideline Value for SRISTI ENCLAVE

Sristi Enclave guideline value

The current guideline value of Sristi Enclave is Rs 2,900 per sq.ft, effective from 1 July 2024. This property is located in Perumbakkam village under the Selaiyur SRO, classified as Residential Class III Type - III.

How the guideline value of Sristi Enclave has changed

Since the 2017 revision, the guideline value has seen significant changes. In 2017, the value was Rs 1,800 per sq.ft, which increased to Rs 2,690 per sq.ft in 2023, marking a rise of 49%. The most recent revision in 2024 set the value at Rs 2,900 per sq.ft, reflecting an 8% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for Sristi Enclave. Overall, from 2017 to 2024, the guideline value has increased by 61%.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,725 per sq.ft, placing Sristi Enclave's current value above this median.

• Sristi's Millennium: Rs 2,900 per sq.ft (2024)
• Sri Varadhapuram 2nd Main Road 1st-6th Cross Street: Rs 2,725 per sq.ft (2024)
• Sri Varadhauram 1st-2nd Main Road: Rs 2,725 per sq.ft (2024)
• Sri Sastha Nagar: Rs 3,300 per sq.ft (2024)
• Sri Sankara Hospital: Rs 850 per sq.ft (2024)
• Sri Vineswara Nagar Phase- I: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sristi Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value amounts to Rs 29,00,000. The stamp duty at 7% would be Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, totaling Rs 2,61,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sristi Enclave?

The Sub Registrar Office that covers Sristi Enclave 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 details.

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

The guideline value is a crucial factor in property transactions in Perumbakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the property's assessed value.

When buying or selling property, the guideline value helps establish a fair transaction price. It is essential for both buyers and sellers to be aware of the current guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Sristi Enclave?

The current guideline value of Sristi Enclave is Rs 2,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,800 per sq.ft in 2017 to Rs 2,900 per sq.ft in 2024, marking a total increase of 61% over this period.

What are the other streets in Perumbakkam with their guideline values?

Other streets in Perumbakkam include Sristi's Millennium at Rs 2,900 per sq.ft, Sri Varadhapuram 2nd Main Road 1st-6th Cross Street and Sri Varadhauram 1st-2nd Main Road at Rs 2,725 per sq.ft, and Sri Sastha Nagar at Rs 3,300 per sq.ft.

What are the stamp duty and registration fees for property in Sristi Enclave?

The stamp duty for a property valued at Rs 29,00,000 is Rs 2,03,000, and the registration fee is Rs 58,000, totaling Rs 2,61,000.

Where can I find the Sub Registrar Office for Sristi Enclave?

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