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Guideline Value

Corporate

Guideline Value for Sundararaja Perumal Colony 3rd Street

₹4400/sq.ft.

The guideline value for Sundararaja Perumal Colony 3rd 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 ₹426 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹391 /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 3rd Street

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Sundararaja Perumal Colony 3rd Street guideline value

The current guideline value of Sundararaja Perumal Colony 3rd 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 3rd Street has changed

Over the years, the guideline value of Sundararaja Perumal Colony 3rd Street has seen significant changes. In 2002, the guideline value was Rs 391 per sq.ft, which increased to Rs 426 per sq.ft in 2003. Following this, the value rose to Rs 1,000 per sq.ft in 2007, and then saw a substantial increase to Rs 4,000 per sq.ft in 2012. However, it decreased to Rs 2,680 per sq.ft in 2017 before climbing back to Rs 4,000 per sq.ft in 2023. The latest revision in 2024 set the guideline value at Rs 4,400 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%. The jump from 2012 to 2017 saw a decrease of 33%. The period from 2007 to 2012 experienced a remarkable increase of 300%, while the increase from 2003 to 2007 was 135%. The guideline value has increased by 9% from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has risen by 1025%.

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 3rd Street's 2024 guideline value of Rs 4,400 per sq.ft is above this median.

Stamp duty and registration fee for property in Sundararaja Perumal Colony 3rd 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 fee would be 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sundararaja Perumal Colony 3rd Street?

The Sub Registrar Office that covers Sundararaja Perumal Colony 3rd 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 plays a crucial role when buying or selling property in Peravallur. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value as set by the government. This helps in maintaining transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sundararaja Perumal Colony 3rd Street?

The current guideline value of Sundararaja Perumal Colony 3rd 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 this period.

What is the land classification for Sundararaja Perumal Colony 3rd Street?

The land classification for Sundararaja Perumal Colony 3rd Street is Commercial Special Type - IV.

Where can I find the registration office for this area?

The registration office for Sundararaja Perumal Colony 3rd Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How do I calculate stamp duty and registration fees?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for detailed calculations.