Guideline Value for sriperumpudur chengalpattu road

Sriperumpudur Chengalpattu Road guideline value

The current guideline value of Sriperumpudur Chengalpattu Road is Rs 500 per sq.ft, effective from 1 July 2024. This road is located in Sengadu village, under the jurisdiction of the Sriperumpudur Sub Registrar Office (SRO). The land classification for this area is Commercial Class I Type - I.

How the guideline value of Sriperumpudur Chengalpattu Road has changed

Over the years, the guideline value of Sriperumpudur Chengalpattu Road has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 500 per sq.ft. The 2017 revision recorded a lower value of Rs 335 per sq.ft, marking a decrease of 33% from the previous figure. Notably, the guideline value has not changed from 2023 to 2024, maintaining a steady rate of Rs 500 per sq.ft.

It is important to note that the register does not contain figures for the years 2002, 2003, and 2007 for this street. The overall change in guideline value from 2012 to 2024 is 0%, indicating stability in the recent revisions.

Guideline values in Sengadu

Sengadu village has a total of 24 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 101 to Rs 500 per sq.ft. The median value for these streets is Rs 150 per sq.ft, placing the guideline value of Sriperumpudur Chengalpattu Road above this median.

• Shannmuga Nagar: Rs 200 per sq.ft (2024)
• Thideer Nagar: Rs 150 per sq.ft (2024)
• Velappan Nagar: Rs 250 per sq.ft (2024)
• Putru Koil Street: Rs 150 per sq.ft (2024)
• Puthumetu Street: Rs 150 per sq.ft (2024)
• Port Homes: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sriperumpudur Chengalpattu Road

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty is charged at 7%, resulting in Rs 35,000, while the registration fee is 2%, amounting to Rs 10,000. Therefore, the total fees combined would be Rs 45,000. 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 Sriperumpudur Chengalpattu Road?

The Sriperumpudur Chengalpattu Road is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property transactions in Sengadu. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area. This ensures that both buyers and sellers are aware of the minimum value at which properties are registered.

When a property is sold, the guideline value is considered to avoid undervaluation, ensuring that the government receives appropriate revenue through stamp duties. Buyers should be aware of the guideline value to understand the potential costs involved in their property transactions.

Frequently asked questions

What is the current guideline value of Sriperumpudur Chengalpattu Road?

The current guideline value of Sriperumpudur Chengalpattu Road is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2012 to 2024, with a decrease to Rs 335 per sq.ft in 2017. There were no changes from 2023 to 2024.

What is the land classification for Sriperumpudur Chengalpattu Road?

The land classification for Sriperumpudur Chengalpattu Road is Commercial Class I Type - I.

Which office handles registrations for properties on this road?

The Sriperumpudur Sub Registrar Office handles registrations for properties on Sriperumpudur Chengalpattu Road, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How are stamp duties calculated for properties in Sengadu?

Stamp duties for properties in Sengadu are calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.