Guideline Value for Sundararaja Perumal Colony 4th Street

Sundararaja Perumal Colony 4th Street guideline value

The current guideline value of Sundararaja Perumal Colony 4th 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 4th Street has changed

The guideline value for Sundararaja Perumal Colony 4th Street has undergone several revisions over the years. In 2002, the value was Rs 391 per sq.ft, which increased to Rs 638 per sq.ft in 2003, marking a rise of 63%. The value then saw a further increase of 57% to reach Rs 1,000 per sq.ft in 2007. By 2012, the guideline value was Rs 4,000 per sq.ft, reflecting a significant increase of 300% from the previous revision. However, in 2017, it decreased by 33% to Rs 2,680 per sq.ft. The value then rose again to Rs 4,000 per sq.ft in 2023, and most recently, it has increased by 10% to the current rate of Rs 4,400 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 1025%. There are no figures available for any revisions prior to 2002 or after 2024 for this street.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that have 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, positioning Sundararaja Perumal Colony 4th Street above this median.

• Sundararaja Perumal Colony 1st Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 2nd Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 3rd Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 4th Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 5th Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 6th Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 7th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sundararaja Perumal Colony 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty is charged at 7%, resulting in Rs 3,08,000, while the registration fee at 2% amounts to Rs 88,000. Together, the total cost for these fees 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. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundararaja Perumal Colony 4th Street?

The Sub Registrar Office that covers Sundararaja Perumal Colony 4th 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 during property registration in Peravallur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the appropriate amount is collected for the transaction.

When selling property, the guideline value provides a reference point for both buyers and sellers. It helps in understanding the official valuation of the property, which is essential for the registration process. Buyers should be aware of the guideline value to ensure they are making informed decisions during the transaction.

Frequently asked questions

What is the current guideline value of Sundararaja Perumal Colony 4th Street?

The current guideline value of Sundararaja Perumal Colony 4th 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 4th Street?

The land classification for Sundararaja Perumal Colony 4th Street is Commercial Special Type - IV.

What are the stamp duty and registration fees for property in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,96,000.

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

The Sub Registrar Office for Sundararaja Perumal Colony 4th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.