Guideline Value for Sundararaja Perumal Colony 12th Street

Sundararaja Perumal Colony 12th Street guideline value

The current guideline value for Sundararaja Perumal Colony 12th Street is Rs 4,400 per sq.ft. 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 12th Street has changed

The guideline value for Sundararaja Perumal Colony 12th Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 391 per sq.ft, which increased to Rs 426 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2007, and then to Rs 4,000 per sq.ft in 2012. The 2017 revision saw a decrease to Rs 2,680 per sq.ft, but by 2023, it had climbed back up to Rs 4,000 per sq.ft. As of the 2024 revision, the guideline value stands at Rs 4,400 per sq.ft.

Notably, the changes between the revisions reflect a variety of fluctuations. From 2002 to 2024, the overall increase is 1025%. The most significant rise occurred from 2007 to 2012, with a 300% increase, while the most recent change from 2023 to 2024 shows a 10% increase.

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. The median guideline value for these streets is Rs 3,301 per sq.ft, placing Sundararaja Perumal Colony 12th Street's 2024 figure above this median.

• Sundararaja Perumal Colony 11th Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 13th Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 10th Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 14th Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 15th Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 1st Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sundararaja Perumal Colony 12th 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, and the registration fee at 2% would be Rs 88,000, making the total cost for these fees Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundararaja Perumal Colony 12th Street?

The Sub Registrar Office that covers Sundararaja Perumal Colony 12th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peravallur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications associated with the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value for Sundararaja Perumal Colony 12th Street?

The current guideline value for Sundararaja Perumal Colony 12th 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 significantly from Rs 391 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1025% over the years.

What is the land classification for Sundararaja Perumal Colony 12th Street?

The land classification for Sundararaja Perumal Colony 12th Street is Commercial Special Type - IV, indicating its intended use and development potential.

Where can I find the Sembiam Sub Registrar Office?

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

How is stamp duty calculated for properties in Sundararaja Perumal Colony 12th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.