Guideline Value for URBAN TREE OXYGEN

Urban Tree Oxygen guideline value

The current guideline value of Urban Tree Oxygen is Rs 1,175 per sq.ft, effective from 1 July 2024. This property is located in Perumbakkam village under the Selaiyur SRO, classified as Residential Class IV Type - I.

How the guideline value of Urban Tree Oxygen has changed

The guideline value for Urban Tree Oxygen has seen several revisions since 2012. In 2012, the value was Rs 900 per sq.ft, which decreased to Rs 603 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 82%, bringing the value to Rs 1,100 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 1,175 per sq.ft, marking a 7% rise from 2023.

It is important to note that there are no registered figures for Urban Tree Oxygen in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 31%.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft, with a median value of Rs 2,725 per sq.ft. The guideline value for Urban Tree Oxygen is below this median.

• Vaidhiyalingam Salai: Rs 2,725 per sq.ft (2024)
• Valar Garden: Rs 1,650 per sq.ft (2024)
• Valmigi Street: Rs 3,300 per sq.ft (2024)
• Vanchinathan Street: Rs 3,300 per sq.ft (2024)
• Thiruvallur Street: Rs 850 per sq.ft (2024)
• Veeramamunivar Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Urban Tree Oxygen

For a 1,000 sq.ft plot at the current guideline value of Rs 1,175 per sq.ft, the total guideline value amounts to Rs 11,75,000. The stamp duty at 7% would be Rs 82,250, while the registration fee at 2% would be Rs 23,500, bringing the total cost for these fees to Rs 1,05,750. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Urban Tree Oxygen?

The Urban Tree Oxygen area falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Perumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is registered, the guideline value is assessed to ensure that the transaction is in compliance with the regulations set by the Registration Department. This ensures transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Urban Tree Oxygen?

The current guideline value of Urban Tree Oxygen is Rs 1,175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 1,175 per sq.ft in 2024, reflecting an overall increase of 31% over this period.

What are the other streets in Perumbakkam with their guideline values?

Other streets in Perumbakkam include Vaidhiyalingam Salai at Rs 2,725 per sq.ft, Valar Garden at Rs 1,650 per sq.ft, and Thiruvallur Street at Rs 850 per sq.ft, among others.

What fees are associated with buying property in Urban Tree Oxygen?

When purchasing property in Urban Tree Oxygen, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Urban Tree Oxygen?

The Sub Registrar Office covering Urban Tree Oxygen is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.