Guideline Value for 1ST PERUMAL NAGAR

1st Perumal Nagar guideline value

The current guideline value of 1st Perumal Nagar is Rs 700 per sq.ft, as per the 2023 revision. This area falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class II Type - II.

How the guideline value of 1st Perumal Nagar has changed

The guideline value for 1st Perumal Nagar has undergone several revisions over the years. In the 2012 revision, the value was Rs 700 per sq.ft. However, in the 2017 revision, it decreased to Rs 469 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw a significant increase to Rs 700 per sq.ft, resulting in a rise of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained unchanged at Rs 700 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in 192/87veppampattu

Currently, there are no specific village figures available for 192/87veppampattu. This street is part of the Tiruvallur Joint 1 SRO. There are no other streets listed in 192/87veppampattu under this SRO.

Stamp duty and registration fee for property in 1st Perumal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000. Therefore, the total cost for stamp duty and registration fee would be Rs 63,000. It is important to note that 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 details.

Which Sub Registrar Office covers 1st Perumal Nagar?

The Sub Registrar Office that covers 1st Perumal Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in 192/87veppampattu

The guideline value plays a crucial role in the registration process when buying or selling property in 192/87veppampattu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of 1st Perumal Nagar?

The current guideline value of 1st Perumal Nagar is Rs 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has remained at Rs 700 per sq.ft. However, it decreased to Rs 469 per sq.ft in 2017 before increasing back to Rs 700 per sq.ft in 2023.

What is the land classification of 1st Perumal Nagar?

1st Perumal Nagar is classified as Residential Class II Type - II. This classification indicates the type of development and usage permitted in the area.

Where can I find the Sub Registrar Office for 1st Perumal Nagar?

The Sub Registrar Office for 1st Perumal Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

How is stamp duty calculated in 1st Perumal Nagar?

Stamp duty in 1st Perumal Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at 7%.