Guideline Value for sri sundararaja perumal city

Sri Sundararaja Perumal City guideline value

The current guideline value of Sri Sundararaja Perumal City is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Azhakoor village, under the Sriperumpudur Sub Registrar Office (SRO), and is classified as a New House Site Type -II (Unapproved Lay-Out).

How the guideline value of Sri Sundararaja Perumal City has changed

The guideline value has seen several revisions over the years. In 2012, the value was set at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft, marking a decrease of 33%. However, by 2023, the value returned to Rs 200 per sq.ft, reflecting a significant increase of 49% from the 2017 figure. The 2024 revision maintains this value at Rs 200 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 regarding this street. Overall, from 2012 to 2024, the guideline value has remained stable, with an overall change of 0%.

Guideline values in Azhakoor

Azhakoor village has a total of 18 streets under the Sriperumpudur SRO, with 2024 guideline values ranging from Rs 100 to Rs 350 per sq.ft. The median value for these streets is Rs 225 per sq.ft, placing Sri Sundararaja Perumal City's 2024 figure below this median.

• Sri Selva Vingnesh Nagar: Rs 300 per sq.ft (2024)
• Sriradi Sai Nagar: Rs 300 per sq.ft (2024)
• Srimathi Sankar Nagar: Rs 200 per sq.ft (2024)
• Sri Jai Vignesh Nagar: Rs 300 per sq.ft (2024)
• Sri Azhagar Nagar: Rs 300 per sq.ft (2024)
• Sbi Colony: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sundararaja Perumal City

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, resulting in Rs 14,000, and the registration fee is 2%, amounting to Rs 4,000. Therefore, the total cost for stamp duty and registration fees together is Rs 18,000. It is important to note that 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 Sri Sundararaja Perumal City?

The Sri Sundararaja Perumal City falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Azhakoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Sri Sundararaja Perumal City?

The current guideline value of Sri Sundararaja Perumal City is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a drop to Rs 134 per sq.ft in 2017, which was then revised back to Rs 200 per sq.ft in 2023 and maintained in 2024.

What are the guideline values for other streets in Azhakoor?

Other streets in Azhakoor have varying guideline values ranging from Rs 100 to Rs 350 per sq.ft. The median value for these streets is Rs 225 per sq.ft.

What are the stamp duty and registration fees for property in Sri Sundararaja Perumal City?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles property registrations for Sri Sundararaja Perumal City?

The Sriperumpudur Sub Registrar Office handles property registrations for Sri Sundararaja Perumal City, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.