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Guideline Value

Corporate

Guideline Value for Sundararaja Perumal Colony 10th Street

₹4400/sq.ft.

The guideline value for Sundararaja Perumal Colony 10th Street in Peravallur village (Sembiam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Peravallur

Village

Sembiam

SRO

Commercial Special Type - IV
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹354 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹325 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Sundararaja Perumal Colony 10th Street

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Sundararaja Perumal Colony 10th Street guideline value

The current guideline value of Sundararaja Perumal Colony 10th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village and falls under the Sembiam SRO. The land classification for this area is Commercial Special Type - IV.

How the guideline value of Sundararaja Perumal Colony 10th Street has changed

The guideline value for Sundararaja Perumal Colony 10th Street has seen several revisions over the years. In 2002, the value was Rs 325 per sq.ft, which increased to Rs 354 per sq.ft in 2003, marking a 9% rise. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2007, reflecting an increase of 182%. The 2012 revision set the value at Rs 4,000 per sq.ft, which was a 300% increase from the previous figure.

In 2017, the guideline value decreased to Rs 2,680 per sq.ft, showing a decline of 33%. However, this was followed by a substantial increase to Rs 4,000 per sq.ft in 2023, which represented a 49% rise. The most recent revision in 2024 has set the value at Rs 4,400 per sq.ft, indicating a 10% increase from the previous year.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft, with a median value of Rs 3,301 per sq.ft. Sundararaja Perumal Colony 10th Street's 2024 guideline value is above this median.

Stamp duty and registration fee for property in Sundararaja Perumal Colony 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, the total cost for stamp duty and registration would be Rs 3,96,000. It is important to note that 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 details.

Which Sub Registrar Office covers Sundararaja Perumal Colony 10th Street?

The Sub Registrar Office that covers Sundararaja Perumal Colony 10th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value is a critical factor during the registration process of property transactions in Peravallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sundararaja Perumal Colony 10th Street?

The current guideline value of Sundararaja Perumal Colony 10th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 325 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1254% over the years.

What are the guideline values of other streets in Peravallur?

Other streets in Peravallur have a guideline value of Rs 4,400 per sq.ft in 2024, including Sundararaja Perumal Colony 11th, 12th, 13th, 14th, 15th, and 1st Streets.

What is the stamp duty for property in Sundararaja Perumal Colony 10th Street?

The stamp duty for property in Sundararaja Perumal Colony 10th Street is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 3,08,000.

Where is the Sembiam Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles all registrations for properties in the area.