Guideline Value for Sundararaja Perumal Colony 8th Street

Sundararaja Perumal Colony 8th Street guideline value

The current guideline value for Sundararaja Perumal Colony 8th Street is Rs 4,400 per sq.ft. 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 8th Street has changed

The guideline value for Sundararaja Perumal Colony 8th Street has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 391 per sq.ft. This increased to Rs 426 per sq.ft in 2003, marking a change of +9%. The value then rose significantly to Rs 1,000 per sq.ft in 2007, reflecting a change of +135%. By 2012, the guideline value had further increased to Rs 4,000 per sq.ft, showing a substantial rise of +300% from the previous revision. However, it then decreased to Rs 2,680 per sq.ft in 2017, a drop of -33%. The value rose again to Rs 4,000 per sq.ft in 2023, and finally, it reached the current figure of Rs 4,400 per sq.ft in 2024, which is an increase of +10% from the previous year.

Throughout these revisions, there are no figures available for the years not mentioned in the 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, with a median value of Rs 3,301 per sq.ft. Sundararaja Perumal Colony 8th Street's guideline value is above this median.

• Sundararaja Perumal Colony 7th Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 9th Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 6th Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony Main Road: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 5th Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Koil Street Insurance Hospital: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sundararaja Perumal Colony 8th 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 fees together to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sundararaja Perumal Colony 8th Street?

The Sub Registrar Office covering Sundararaja Perumal Colony 8th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value is an essential factor in property transactions in Peravallur. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for the transaction, ensuring that the property is registered at a value that reflects the current market conditions as determined by the authorities.

Frequently asked questions

What is the current guideline value of Sundararaja Perumal Colony 8th Street?

The current guideline value of Sundararaja Perumal Colony 8th Street is Rs 4,400 per sq.ft as of the 2024 revision.

What has been the trend in the guideline value over the years?

The guideline value has experienced various changes, starting from Rs 391 per sq.ft in 2002 to the current value of Rs 4,400 per sq.ft in 2024, representing an overall increase of +1025% over the years.

How does the guideline value compare to other streets in Peravallur?

The guideline value of Rs 4,400 per sq.ft for Sundararaja Perumal Colony 8th Street is above the median value of Rs 3,301 per sq.ft for other streets in Peravallur.

What fees are associated with buying property in Sundararaja Perumal Colony 8th Street?

When purchasing property, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value, which varies depending on the size of the property.

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

The Sub Registrar Office for Sundararaja Perumal Colony 8th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.