Guideline Value for Sundararaja Perumal Colony 6th Street

Sundararaja Perumal Colony 6th Street guideline value

The current guideline value of Sundararaja Perumal Colony 6th 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 6th Street has changed

The guideline value for Sundararaja Perumal Colony 6th Street has undergone several revisions over the years. In the 2002 revision, the value was Rs 391 per sq.ft, which increased to Rs 426 per sq.ft in 2003, marking a change of +9%. The value then saw a significant rise to Rs 1,000 per sq.ft in 2007, reflecting an increase of +135%. By 2012, the value was Rs 4,000 per sq.ft, showing a substantial jump of +300% from the previous revision.

In the 2017 revision, the guideline value was Rs 2,680 per sq.ft, which represented a decrease of -33% compared to 2012. The value then increased to Rs 4,000 per sq.ft in 2023, followed by a rise to Rs 4,400 per sq.ft in the 2024 revision, indicating a +10% change. The overall increase from 2002 to 2024 is +1025%. There are no figures available for the years not mentioned in this register for this street.

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 in this area is Rs 3,301 per sq.ft, placing Sundararaja Perumal Colony 6th Street's 2024 figure above that median.

• Sundararaja Perumal Colony 5th Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 7th Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 4th Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 8th Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 3rd Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 9th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sundararaja Perumal Colony 6th 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.

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

Which Sub Registrar Office covers Sundararaja Perumal Colony 6th Street?

The Sub Registrar Office that covers Sundararaja Perumal Colony 6th 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 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, ensuring that transactions are recorded accurately and transparently.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of ownership. Buyers should always be aware of the current guideline value to ensure they are paying the correct fees during the registration process.

Frequently asked questions

What is the current guideline value of Sundararaja Perumal Colony 6th Street?

The current guideline value of Sundararaja Perumal Colony 6th Street is Rs 4,400 per sq.ft as per the 2024 revision.

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 6th Street?

The land classification for Sundararaja Perumal Colony 6th Street is Commercial Special Type - IV.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 3,96,000.