Guideline Value for KALAYANA PERUMAL NAGAR EXTENSION

Kalayana Perumal Nagar Extension guideline value

The current guideline value of Kalayana Perumal Nagar Extension is Rs 400 per sq.ft, effective from 1 July 2024. This property is located in Maakaanyam village under the Sriperumpudur SRO, classified as Mixed Type - III land.

How the guideline value of Kalayana Perumal Nagar Extension has changed

In the 2017 revision, the guideline value was set at Rs 268 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 400 per sq.ft. The most recent revision in 2024 has kept the guideline value at Rs 400 per sq.ft, reflecting no change from the previous year. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, indicating a consistent value since 2023.

Guideline values in Maakaanyam

In Maakaanyam, there are 41 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 600 per sq.ft, with a median of Rs 250 per sq.ft. The guideline value for Kalayana Perumal Nagar Extension is above this median.

• Kallazhagar city: Rs 250 per sq.ft (2024)
• Kalyana Perumal Nagar: Rs 600 per sq.ft (2024)
• Kalyana Perumal Nagar‍‍ I: Rs 400 per sq.ft (2024)
• Harshitha Avenue: Rs 150 per sq.ft (2024)
• Gubera Nagar(SF No.67/2): Rs 300 per sq.ft (2024)
• Kupera Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Kalayana Perumal Nagar Extension

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. 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 Kalayana Perumal Nagar Extension?

The Sub Registrar Office that covers Kalayana Perumal Nagar Extension is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property registration in Maakaanyam. It determines the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated appropriately.

When buying or selling property, the guideline value is used to assess the transaction's legitimacy and to calculate the applicable taxes. Buyers should be aware that the guideline value can influence the overall cost of the property transaction.

Frequently asked questions

What is the current guideline value for Kalayana Perumal Nagar Extension?

The current guideline value for Kalayana Perumal Nagar Extension is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023 and has remained the same in 2024. There were no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

What is the land classification for Kalayana Perumal Nagar Extension?

Kalayana Perumal Nagar Extension is classified as Mixed Type - III land, which indicates its varied use and potential for different types of development.

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

The Sub Registrar Office for Kalayana Perumal Nagar Extension is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 4,00,000 would incur a stamp duty of Rs 28,000 at a rate of 7%.