Guideline Value for PERUMAL NAGAR EXT

Perumal Nagar Ext guideline value

The current guideline value of Perumal Nagar Ext in Zaminpallavaram village is Rs 2,750 per sq.ft, effective from 1 July 2024. This area falls under the Pallavaram Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Perumal Nagar Ext has changed

Looking at the revisions over the years, the guideline value for Perumal Nagar Ext has seen a change from Rs 2,500 per sq.ft in 2012 to Rs 2,500 per sq.ft in 2023, showing no change during that period. However, in the 2024 revision, the guideline value increased to Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, and Perumal Nagar Ext's 2024 figure is below this median.

• Perumal Nagar 5th Main Road: Rs 2,750 per sq.ft (2024)
• Perumal Nagar: Rs 2,750 per sq.ft (2024)
• Perumal Koil Street & Extn.: Rs 3,300 per sq.ft (2024)
• Pidhambaram Street: Rs 2,750 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 4,400 per sq.ft (2024)
• Pillaiyar Koil Street (Near Bramin St): Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Nagar Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, leading to a total of Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Perumal Nagar Ext?

The Sub Registrar Office that covers Perumal Nagar Ext is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Zaminpallavaram, as it determines the minimum value at which properties can be registered. When you buy or sell property, the registration process will consider the guideline value to calculate applicable duties and fees.

It is essential to be aware that the guideline value is updated periodically, and these updates can affect the overall costs associated with property transactions. Buyers and sellers should stay informed about the latest guideline values to ensure compliance during registration.

Frequently asked questions

What is the current guideline value of Perumal Nagar Ext?

The current guideline value of Perumal Nagar Ext is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,500 per sq.ft from 2012 to 2023, but it increased to Rs 2,750 per sq.ft in 2024, marking a 10% increase from the previous year.

What is the land classification of Perumal Nagar Ext?

Perumal Nagar Ext is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Where is the Sub Registrar Office for Perumal Nagar Ext located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.