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Guideline Value

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Guideline Value for Vivekananda School Street (Sakthi Vel Nagar)

₹4200/sq.ft.

The guideline value for Vivekananda School Street (sakthi Vel Nagar) in Peravallur village (Sembiam SRO, Chennai zone) is Rs 4200 per sq.ft, effective 1 July 2024. It was Rs 3900 per sq.ft from 1 April 2023, a 8% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Peravallur

Village

Sembiam

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹4200 /sq.ft.
From 1-4-2023 ₹3900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2613 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
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 Vivekananda School Street (sakthi Vel Nagar)

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Vivekananda School Street (Sakthi Vel Nagar) guideline value

The current guideline value of Vivekananda School Street (Sakthi Vel Nagar) is Rs 4,200 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village, under the Sembiam SRO, classified as Mixed Type - I.

How the guideline value of Vivekananda School Street (Sakthi Vel Nagar) has changed

The guideline value for Vivekananda School Street has seen significant changes over the years. In the 2007 revision, the value was Rs 700 per sq.ft, which increased dramatically to Rs 3,900 per sq.ft in 2012, marking a rise of 457%. However, from 2012 to 2017, the value fell to Rs 2,613 per sq.ft, a decrease of 33%. The value then rose significantly to Rs 3,900 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 sets the guideline value at Rs 4,200 per sq.ft, an 8% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 500%.

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. Vivekananda School Street's 2024 guideline value is above this median.

Stamp duty and registration fee for property in Vivekananda School Street (Sakthi Vel Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,200 per sq.ft, the total guideline value amounts to Rs 42,00,000. The stamp duty at 7% would be Rs 2,94,000, and the registration fee at 2% would be Rs 84,000, bringing the total charges to Rs 3,78,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vivekananda School Street (Sakthi Vel Nagar)?

The Vivekananda School Street (Sakthi Vel Nagar) falls under 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 critical factor during the registration of property transactions in Peravallur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is used to assess the applicable charges, ensuring that the correct amounts are collected based on the established rates. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Vivekananda School Street (Sakthi Vel Nagar)?

The current guideline value for Vivekananda School Street (Sakthi Vel Nagar) is Rs 4,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 700 per sq.ft in 2007 to Rs 4,200 per sq.ft in 2024, representing an overall increase of 500% over the years.

What is the median guideline value for streets in Peravallur?

The median guideline value for streets in Peravallur is Rs 3,301 per sq.ft for the year 2024, with Vivekananda School Street's value being above this median.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees amount to Rs 3,78,000, which includes Rs 2,94,000 for stamp duty and Rs 84,000 for registration fees.

Which office handles the registration for Vivekananda School Street?

The registration for Vivekananda School Street (Sakthi Vel Nagar) is handled by the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.