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Guideline Value

Corporate

Guideline Value for Sundararaja Perumal Colony 9th Street

₹4400/sq.ft.

The guideline value for Sundararaja Perumal Colony 9th 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 9th Street

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Sundararaja Perumal Colony 9th Street guideline value

The current guideline value of Sundararaja Perumal Colony 9th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village under the Sembiam SRO, classified as Commercial Special Type - IV.

How the guideline value of Sundararaja Perumal Colony 9th Street has changed

The guideline value for Sundararaja Perumal Colony 9th Street has seen several revisions over the years. In 2002, the guideline value was Rs 391 per sq.ft, which increased to Rs 426 per sq.ft in 2003, marking a change of +9%. By 2007, the value rose significantly to Rs 1,000 per sq.ft, a change of +135%. This was followed by a substantial increase to Rs 4,000 per sq.ft in 2012, which represented a +300% change. However, the value decreased to Rs 2,680 per sq.ft in 2017, a decline of -33%. The guideline value then increased to Rs 4,000 per sq.ft in 2023, followed by the current value of Rs 4,400 per sq.ft in 2024, reflecting a change of +10%.

There are no figures available for the years not mentioned in the revisions for this street. Overall, from 2002 to 2024, the guideline value has increased by +1025%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO with 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 9th Street's 2024 figure above that median.

Stamp duty and registration fee for property in Sundararaja Perumal Colony 9th 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, bringing the total fees to 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundararaja Perumal Colony 9th Street?

The Sub Registrar Office that covers Sundararaja Perumal Colony 9th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Peravallur, the guideline value is a crucial factor in determining the registration fees and stamp duties. The guideline value serves as a benchmark for the minimum value at which property transactions are registered.

It is important to ensure that the sale price is either equal to or higher than the guideline value to avoid any discrepancies during the registration process. This helps maintain transparency and compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sundararaja Perumal Colony 9th Street?

The current guideline value of Sundararaja Perumal Colony 9th 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 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 are the other streets in Peravallur with the same guideline value?

Several other streets in Peravallur also have a guideline value of Rs 4,400 per sq.ft for 2024, including Sundararaja Perumal Colony 8th Street, Main Road, 7th Street, and others.

Where is the Sembiam Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Sundararaja Perumal Colony 9th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 4,400 per sq.ft would incur a stamp duty of Rs 3,08,000.