Guideline Value

Corporate

Guideline Value for PANCHAYAT NETUNCHALAI (MAIN SALAI PERUNGUDI)

₹4400/sq.ft.

The guideline value for Panchayat Netunchalai (main Salai Perungudi) in Perungudi village (Neelankarai SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungudi

Village

Neelankarai

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2469 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Panchayat Netunchalai (main Salai Perungudi)

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Panchayat Netunchalai (Main Salai Perungudi) guideline value

The current guideline value of Panchayat Netunchalai (Main Salai Perungudi) is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Perungudi village, under the Neelankarai SRO, and is classified as Residential Class I Type - II.

How the guideline value of Panchayat Netunchalai (Main Salai Perungudi) has changed

The guideline value for Panchayat Netunchalai has seen several revisions over the years. In 2007, the value was Rs 2,469 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012. However, it then dropped to Rs 2,680 per sq.ft in 2017. The value saw a significant increase to Rs 4,000 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 4,400 per sq.ft. Notably, there are no recorded figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a remarkable increase of 49%. The transition from 2023 to 2024 reflects a 10% rise. Overall, from 2007 to 2024, the guideline value has increased by 78%, indicating a substantial change in this period.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in this village is Rs 3,300 per sq.ft, placing the 2024 figure for Panchayat Netunchalai (Main Salai Perungudi) above that median.

Stamp duty and registration fee for property in Panchayat Netunchalai (Main Salai Perungudi)

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Panchayat Netunchalai (Main Salai Perungudi)?

The Sub Registrar Office that covers Panchayat Netunchalai (Main Salai Perungudi) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perungudi. 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 collects the appropriate fees based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Panchayat Netunchalai (Main Salai Perungudi)?

The current guideline value of Panchayat Netunchalai (Main Salai Perungudi) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the latest revision in 2024 showing an increase to Rs 4,400 per sq.ft from Rs 4,000 per sq.ft in 2023. Overall, from 2007 to 2024, the increase is 78%.

What is the median guideline value in Perungudi?

The median guideline value in Perungudi is Rs 3,300 per sq.ft, with the guideline value for Panchayat Netunchalai (Main Salai Perungudi) being above this median.

What are the stamp duty and registration fees for a property in this area?

The stamp duty for a property valued at Rs 44,00,000 would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Panchayat Netunchalai?

The Neelankarai Sub Registrar Office handles registrations for Panchayat Netunchalai (Main Salai Perungudi), located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.