Guideline Value for Kalyana Perumal Nagar

Kalyana Perumal Nagar guideline value

The current guideline value of Kalyana Perumal Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This locality is situated in Maakaanyam village, under the jurisdiction of the Sriperumpudur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Kalyana Perumal Nagar has changed

Over the years, the guideline value for Kalyana Perumal Nagar has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which then decreased to Rs 201 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 199%, bringing the value back to Rs 600 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 100%.

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. The median value for these streets is Rs 250 per sq.ft, making Kalyana Perumal Nagar's 2024 figure above this median.

• Kalyana Perumal Nagar‍‍ I: Rs 400 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

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, leading to 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalyana Perumal Nagar?

The Kalyana Perumal Nagar area falls under 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 is a crucial factor when registering property transactions in Maakaanyam. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When buying or selling property, the guideline value helps in determining the minimum price at which a property can be registered. This ensures transparency in the transaction process and helps in preventing undervaluation of properties.

Frequently asked questions

What is the current guideline value of Kalyana Perumal Nagar?

The current guideline value of Kalyana Perumal Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is an increase of 100%.

What is the median guideline value in Maakaanyam?

The median guideline value for the 41 streets in Maakaanyam is Rs 250 per sq.ft. Kalyana Perumal Nagar's value is above this median.

What are the stamp duty rates applicable in Kalyana Perumal Nagar?

The stamp duty rate in Kalyana Perumal Nagar is 7%, applied on the higher of the guideline value or the sale price. Additionally, there is a registration fee of 2%.

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

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