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_B village, under the Sriperumpudur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Sriperumpudur Chengalpattu Road has changed

The guideline value for Sriperumpudur Chengalpattu Road has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 402 per sq.ft. This figure remained unchanged in the 2023 revision, but in the 2024 revision, it increased to Rs 600 per sq.ft, reflecting a 49% increase from the 2017 revision.

Between the 2023 and 2024 revisions, there was no change, as the guideline value remained at Rs 600 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Vadakal_B

In Vadakal_B, there are 34 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,900 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value of Sriperumpudur Chengalpattu Road is above this median.

• Sri sathya sai Nagar: Rs 500 per sq.ft (2024)
• Sri Dhanushkodi Garden: Rs 600 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 would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, while the registration fee at 2% would be Rs 12,000, resulting in a total of Rs 54,000. 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 details.

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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Vadakal_B. 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 a buyer or seller approaches the registration office, the guideline value is referenced to calculate the applicable fees, ensuring compliance with local regulations. This process helps maintain transparency and standardization in 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 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2024, marking a 49% increase. The value remained unchanged from 2023 to 2024.

What are the guideline values of other streets in Vadakal_B?

Other streets in Vadakal_B have varying guideline values, ranging from Rs 150 to Rs 1,900 per sq.ft. The median value for these streets is Rs 300 per sq.ft, with Sriperumpudur Chengalpattu Road being above this median.

What fees are applicable for property transactions?

For property transactions, the stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located?

The Sub Registrar Office for Sriperumpudur Chengalpattu Road is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles all registrations for the area.