Guideline Value for Sundararaja Perumal Koil Street (Maniyammai Nagar)

Sundararaja Perumal Koil Street (Maniyammai Nagar) guideline value

The current guideline value of Sundararaja Perumal Koil Street (Maniyammai Nagar) is Rs 4,400 per sq.ft, effective from 1 July 2024. 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 Koil Street (Maniyammai Nagar) has changed

The guideline value has seen several revisions over the years. In 2003, the value was Rs 488 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking a significant rise of 105%. The value then surged to Rs 4,000 per sq.ft in 2012, a remarkable increase of 300%. However, it decreased to Rs 2,680 per sq.ft in 2017, reflecting a decline of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft as of the 2024 revision, indicating 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 802%.

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 Koil Street (Maniyammai Nagar) has a guideline value above this median.

• Sundararaja Perumal Koil Street Insurance Hospital: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Koil Street North: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony Main Road: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Koil Street South: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 9th Street: Rs 4,400 per sq.ft (2024)
• Sundararaja Perumal Colony 8th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sundararaja Perumal Koil Street (Maniyammai Nagar)

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, while the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees 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 accurate calculations.

Which Sub Registrar Office covers Sundararaja Perumal Koil Street (Maniyammai Nagar)?

The Sub Registrar Office that covers Sundararaja Perumal Koil Street (Maniyammai Nagar) 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 when buying or selling property in Peravallur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sundararaja Perumal Koil Street (Maniyammai Nagar)?

The current guideline value of Sundararaja Perumal Koil Street (Maniyammai Nagar) 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 increased from Rs 488 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 802% over the years.

What is the land classification of Sundararaja Perumal Koil Street (Maniyammai Nagar)?

The land classification of Sundararaja Perumal Koil Street (Maniyammai Nagar) is Commercial Special Type - IV.

Where is the Sembiam Sub Registrar Office located?

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 higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 3,96,000, including stamp duty and registration fees.