Guideline Value for Sundararaja Perumal Colony 15th Street

Sundararaja Perumal Colony 15th Street guideline value

The current guideline value for Sundararaja Perumal Colony 15th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village, under the Sembiam SRO, and is classified as Commercial Special Type - IV.

How the guideline value of Sundararaja Perumal Colony 15th Street has changed

The guideline value for Sundararaja Perumal Colony 15th Street has seen significant changes over the years. In 2003, the guideline value was Rs 509 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking a 96% increase. The value then surged to Rs 4,000 per sq.ft in 2012, reflecting a 300% rise. However, it dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The value further increased to Rs 4,000 per sq.ft in 2023, before reaching the current rate of Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

The register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 764%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a guideline value for 2024, 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 15th Street's 2024 figure above that median.

• Sundararaja Perumal Colony 14th Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 1st Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 13th Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 2nd Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 12th Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 3rd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sundararaja Perumal Colony 15th 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 be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to 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 also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sundararaja Perumal Colony 15th Street?

The Sub Registrar Office that covers Sundararaja Perumal Colony 15th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Peravallur. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations during the sale process.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the costs involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value for Sundararaja Perumal Colony 15th Street?

The current guideline value for Sundararaja Perumal Colony 15th 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 seen several revisions, starting from Rs 509 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 764% over the years.

What is the land classification for Sundararaja Perumal Colony 15th Street?

Sundararaja Perumal Colony 15th Street is classified as Commercial Special Type - IV, indicating its intended use for commercial activities.

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

The Sub Registrar Office covering Sundararaja Perumal Colony 15th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in this area?

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