Guideline Value

Corporate

Guideline Value for Sri Rajarajeshwari Extn -II

₹2310/sq.ft.

The guideline value for Sri Rajarajeshwari Extn -ii in Perungalathur village (Padappai SRO, Chennai zone) is Rs 2310 per sq.ft, effective 1 July 2024. It was Rs 2100 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungalathur

Village

Padappai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2310 /sq.ft.
From 1-4-2023 ₹2100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1407 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2100 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
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 Rajarajeshwari Extn -ii

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Sri Rajarajeshwari Extn -II guideline value

The current guideline value of Sri Rajarajeshwari Extn -II is Rs 2,310 per sq.ft, effective from 1 July 2024. This property is located in Perungalathur village and falls under the Padappai SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sri Rajarajeshwari Extn -II has changed

Over the years, the guideline value for Sri Rajarajeshwari Extn -II has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 250 per sq.ft. This increased significantly to Rs 2,100 per sq.ft in 2012, marking a remarkable rise of 740%. However, between 2012 and 2017, the value decreased to Rs 1,407 per sq.ft, a decline of 33%. The value then rose again to Rs 2,100 per sq.ft in 2023, showing an increase of 49%. The latest revision in 2024 set the guideline value at Rs 2,310 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 824%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, which is the same as the guideline value for Sri Rajarajeshwari Extn -II.

Stamp duty and registration fee for property in Sri Rajarajeshwari Extn -II

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value would be Rs 23,10,000. The stamp duty, charged at 7%, would amount to Rs 1,61,700, while the registration fee at 2% would be Rs 46,200. Together, the total cost for stamp duty and registration would be Rs 2,07,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Rajarajeshwari Extn -II?

The Sub Registrar Office that covers Sri Rajarajeshwari Extn -II 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 is a crucial factor in property transactions within Perungalathur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory payments during the registration process. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Additionally, the guideline value serves as a benchmark for property valuation, helping buyers and sellers understand the market standards. It is essential for both parties to be aware of the current guideline value to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Sri Rajarajeshwari Extn -II?

The current guideline value of Sri Rajarajeshwari Extn -II is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2007 to Rs 2,310 per sq.ft in 2024, marking an overall increase of 824% over the years.

What is the land classification for Sri Rajarajeshwari Extn -II?

The land classification for Sri Rajarajeshwari Extn -II is Residential Class II Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Sri Rajarajeshwari Extn -II is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Sri Rajarajeshwari Extn -II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 23,10,000, the stamp duty would be Rs 1,61,700 at a rate of 7%.