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_C village under the Sriperumpudur SRO, classified as Commercial Class I Type - I.

How the guideline value of Sriperumpudur Chengalpattu Road has changed

According to the register, the guideline value for Sriperumpudur Chengalpattu Road has remained stable at Rs 600 per sq.ft for the 2023 and 2024 revisions. The previous revision in 2017 listed the guideline value at Rs 402 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The consistency in the guideline value from 2023 to 2024 indicates no change during this period.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Sriperumpudur Chengalpattu Road is above this median.

• Sri Ramanuja Residency lay out: Rs 550 per sq.ft (2024)
• Sri Madha Nagar: Rs 500 per sq.ft (2024)
• Sri sathya sai Nagar: Rs 500 per sq.ft (2024)
• Sri Vari Nagar: Rs 400 per sq.ft (2024)
• Sri Dhanushkodi Garden: Rs 600 per sq.ft (2024)
• Sri Baba Nagar ph.III: Rs 550 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 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, making a total of Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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 Vadakal_C

The guideline value is a critical factor in the registration process when buying or selling property in Vadakal_C. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

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 remained at Rs 600 per sq.ft for both the 2023 and 2024 revisions. It was Rs 402 per sq.ft in 2017, showing a 49% increase from 2017 to 2023 and maintaining the same value in the subsequent revision.

What is the land classification for Sriperumpudur Chengalpattu Road?

Sriperumpudur Chengalpattu Road is classified as Commercial Class I Type - I, which indicates its suitability for commercial activities.

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

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

How is the stamp duty calculated for properties in Vadakal_C?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 6,00,000 would incur a stamp duty of Rs 42,000 at 7%.