Guideline Value for KALYANA PERUMAL NAGAR‍‍ I

Kalyana Perumal Nagar‍‍ I guideline value

The current guideline value of Kalyana Perumal Nagar‍‍ I is Rs 400 per sq.ft, effective from 1 July 2024. This locality is situated in Maakaanyam village and falls under the Sriperumpudur SRO. The land classification for this area is Mixed Type - III.

How the guideline value of Kalyana Perumal Nagar‍‍ I has changed

The guideline value for Kalyana Perumal Nagar‍‍ I has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 268 per sq.ft. This value increased to Rs 400 per sq.ft in both the 2023 and 2024 revisions, indicating a significant rise of 49% from 2017 to 2023 and maintaining the same rate in 2024, resulting in an overall increase of 49% from 2017 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The consistency in the guideline value from 2023 to 2024, with a change of +0%, highlights stability in the current valuation.

Guideline values in Maakaanyam

In Maakaanyam village, 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 value of Rs 250 per sq.ft. Kalyana Perumal Nagar‍‍ I's 2024 figure of Rs 400 per sq.ft is above this median.

• Kalyana Perumal Nagar: Rs 600 per sq.ft (2024)
• Kallazhagar city: Rs 250 per sq.ft (2024)
• Kalayana Perumal Nagar Extension: 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 Kalyana Perumal Nagar‍‍ I

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 precise calculations.

Which Sub Registrar Office covers Kalyana Perumal Nagar‍‍ I?

The Sub Registrar Office that covers Kalyana Perumal Nagar‍‍ I 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 Maakaanyam

The guideline value plays a crucial role during the registration of property in Maakaanyam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is compliant with local regulations.

When buying or selling property, the guideline value is compared with the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kalyana Perumal Nagar‍‍ I?

The current guideline value of Kalyana Perumal Nagar‍‍ I is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in both 2023 and 2024, reflecting a 49% increase over this period.

Is there a guideline value for previous years?

There are no recorded guideline values for the years 2002, 2003, 2007, and 2012 for Kalyana Perumal Nagar‍‍ I.

What is the stamp duty rate for property in Kalyana Perumal Nagar‍‍ I?

The stamp duty rate for property in Kalyana Perumal Nagar‍‍ I is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

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

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