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Guideline Value

Corporate

Guideline Value for Sundararaja Perumal Colony Main Road

₹4400/sq.ft.

The guideline value for Sundararaja Perumal Colony Main Road 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 ₹638 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
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 Main Road

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Sundararaja Perumal Colony Main Road guideline value

The current guideline value for Sundararaja Perumal Colony Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Peravallur village, under the Sembiam Sub Registrar Office (SRO). The land classification for this area is Commercial Special Type - IV.

How the guideline value of Sundararaja Perumal Colony Main Road has changed

The guideline value for Sundararaja Perumal Colony Main Road has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 638 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007. This was a significant rise of 57%. The value then surged dramatically to Rs 4,000 per sq.ft in 2012, marking a 300% increase. However, the value dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. From 2017 to 2023, the value increased by 49% to reach Rs 4,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 590%.

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. The guideline value for Sundararaja Perumal Colony Main Road is above this median.

Stamp duty and registration fee for property in Sundararaja Perumal Colony Main Road

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 together to Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sundararaja Perumal Colony Main Road?

The Sundararaja Perumal Colony Main Road falls under the jurisdiction of 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 of property transactions in Peravallur. It serves as a benchmark for assessing the value of properties and is used to calculate stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official value of the property.

When buying or selling property, it is essential to consider the guideline value as it impacts the overall costs involved in the transaction. This value helps in avoiding disputes related to property valuation and ensures compliance with the local regulations.

Frequently asked questions

What is the current guideline value of Sundararaja Perumal Colony Main Road?

The current guideline value for Sundararaja Perumal Colony Main Road 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 638 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 590% over this period.

What is the land classification for Sundararaja Perumal Colony Main Road?

The land classification for Sundararaja Perumal Colony Main Road is Commercial Special Type - IV.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for properties in Sundararaja Perumal Colony Main Road?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles registrations for properties in this area.