Guideline Value for sriperumpudur chengalpattu road

Sriperumpudur Chengalpattu Road guideline value

The current guideline value of Sriperumpudur Chengalpattu Road is Rs 1,200 per sq.ft, effective from 1 July 2024. This road is located in Sriperumbudur A village under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Sriperumpudur Chengalpattu Road has changed

The guideline value for Sriperumpudur Chengalpattu Road has seen several revisions over the years. The most recent revisions show that the guideline value was Rs 1,200 per sq.ft in both 2023 and 2024, indicating no change between these two years. Prior to that, in 2017, the value was Rs 804 per sq.ft, marking a significant increase of 49% when compared to the 2023 revision.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for Sriperumpudur Chengalpattu Road is above this median.

• Sriperumpudur - Kundrathur Road: Rs 1,200 per sq.ft (2024)
• Sri Rajivgandhi Nagar: Rs 700 per sq.ft (2024)
• Sri Ramanujar Royal City: Rs 700 per sq.ft (2024)
• Sriram Nagar: Rs 1,000 per sq.ft (2024)
• Srinivasa nagar: Rs 700 per sq.ft (2024)
• Sri Nagar Phase - II: Rs 700 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 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sriperumpudur Chengalpattu Road?

The Sub Registrar Office that covers Sriperumpudur Chengalpattu Road is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Sriperumbudur A. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When you register a property, the guideline value or the sale price is used to calculate the applicable duties, whichever is higher. This ensures that the registration process is aligned with the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Sriperumpudur Chengalpattu Road?

The current guideline value of Sriperumpudur Chengalpattu Road is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft from 2023 to 2024, and it increased by 49% from Rs 804 per sq.ft in 2017 to the current value.

What are the guideline values of other streets in Sriperumbudur A?

Other streets in Sriperumbudur A have varying guideline values, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft.

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

Stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,200 per sq.ft incurs a total fee of Rs 1,08,000.

Where can I find the Sub Registrar Office for Sriperumpudur Chengalpattu Road?

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