Guideline Value for sriperumpudur chengalpattu road

Sriperumpudur Chengalpattu Road guideline value

The current guideline value of Sriperumpudur Chengalpattu Road is Rs 600 per sq.ft, effective from 1 July 2024. This road is located in Vadakal village, under the Sriperumpudur Sub Registrar Office (SRO) in the Chengalpattu zone. The land classification for this area is Commercial 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 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, where it stayed at Rs 600 per sq.ft. The 2017 revision marked a significant change, reducing the value to Rs 402 per sq.ft, a decrease of 33% from the previous figure. Between 2017 and 2023, the value increased by 49%, returning to Rs 600 per sq.ft.

As of the 2024 revision, the guideline value remains at Rs 600 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vadakal

In Vadakal village, there are 31 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Sriperumpudur Chengalpattu Road is above this median.

• Sri sathya sai Nagar: Rs 500 per sq.ft (2024)
• Sri Dhanushkodi Garden: Rs 610 per sq.ft (2024)
• Sri Aurobindo Vasantham Nature City: Rs 200 per sq.ft (2024)
• Sri Aurobindo Nagar Part - II: Rs 150 per sq.ft (2024)
• Sivan Koil Street: Rs 300 per sq.ft (2024)
• Thalaiyari Street: Rs 150 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 rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Vadakal. It is used to determine the stamp duty and registration fees that need to be paid during the registration of the property. Buyers and sellers should be aware that the guideline value may not always reflect the actual sale price of the property.

When registering a property, the higher amount between the guideline value and the sale price is considered for calculating the stamp duty. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Sriperumpudur Chengalpattu Road?

The current guideline value for Sriperumpudur Chengalpattu Road is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a decrease to Rs 402 per sq.ft in 2017, followed by a return to Rs 600 per sq.ft in 2023. The value has not changed from 2023 to 2024.

What is the land classification for this area?

The land classification for Sriperumpudur Chengalpattu Road is Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for this area?

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

How is stamp duty calculated for properties in Vadakal?

Stamp duty is calculated based on the higher amount between the guideline value and the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.