Guideline Value for TRICHY CHINNASAMY STREET

Trichy Chinnasamy Street guideline value

The current guideline value of Trichy Chinnasamy Street is Rs 2,700 per sq.ft. This street is located in Perambur village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Trichy Chinnasamy Street has changed

Since the earliest available revision in 2007, the guideline value for Trichy Chinnasamy Street has seen significant changes. The 2007 revision recorded a guideline value of Rs 500 per sq.ft, which increased dramatically to Rs 2,500 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 1,675 per sq.ft in 2017, reflecting a decline of 33%. The value rose again to Rs 2,500 per sq.ft in the 2023 revision, and as of the 2024 revision, it stands at Rs 2,700 per sq.ft, which is an 8% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 440%. The revisions for the years 2002 and 2003 do not have figures recorded for this street in the register.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that have a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the current guideline value of Trichy Chinnasamy Street.

• Udaya Kumar Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 10th Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 11th Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Udaya Suriyan Nagar 3rd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Trichy Chinnasamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. 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 detailed calculations.

Which Sub Registrar Office covers Trichy Chinnasamy Street?

The Sub Registrar Office that covers Trichy Chinnasamy Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Perambur. It serves as a benchmark for determining the minimum value at which properties can be sold and purchased, ensuring that the transaction is recorded accurately in the official register.

When a buyer or seller engages in a property transaction, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal documentation. This ensures that both parties are aware of their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Trichy Chinnasamy Street?

The current guideline value of Trichy Chinnasamy Street is Rs 2,700 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 500 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 440% over the years.

What is the stamp duty rate for properties on Trichy Chinnasamy Street?

The stamp duty rate for properties on Trichy Chinnasamy Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Trichy Chinnasamy Street?

The Sub Registrar Office for Trichy Chinnasamy Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Trichy Chinnasamy Street?

The land classification for Trichy Chinnasamy Street is Residential Class III Type - II, indicating its designated use for residential purposes.