Guideline Value for Sundararaja Perumal Koil Street South

Sundararaja Perumal Koil Street South guideline value

The current guideline value of Sundararaja Perumal Koil Street South 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 South has changed

The guideline value for Sundararaja Perumal Koil Street South has seen significant changes over the years. In 2002, the guideline value was Rs 467 per sq.ft. This figure increased to Rs 509 per sq.ft in 2003, marking a rise of 9%. The value continued to rise, reaching Rs 1,400 per sq.ft in 2007, which was a substantial increase of 175%. By 2012, the value adjusted to Rs 4,000 per sq.ft, reflecting a decrease of 33% from the previous revision. The next revision in 2017 saw a significant increase to Rs 2,680 per sq.ft, which was a 49% rise from 2012.

In 2023, the guideline value increased again to Rs 4,000 per sq.ft, and in 2024, it rose to the current figure of Rs 4,400 per sq.ft, representing a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 842%. There are no figures available for the revisions in years not listed.

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 South's 2024 figure is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to 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, 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 information.

Which Sub Registrar Office covers Sundararaja Perumal Koil Street South?

The Sembiam Sub Registrar Office covers Sundararaja Perumal Koil Street South. The office is located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Peravallur. It serves as a reference point for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This ensures that the fees reflect the true value of the transaction.

Frequently asked questions

What is the current guideline value of Sundararaja Perumal Koil Street South?

The current guideline value of Sundararaja Perumal Koil Street South 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 467 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 842% over this period.

What is the land classification for Sundararaja Perumal Koil Street South?

Sundararaja Perumal Koil Street South is classified as 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 is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.