Guideline Value for PERUMAL NAGAR

Perumal Nagar guideline value

The current guideline value of Perumal Nagar is Rs 1,201 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village, under the jurisdiction of the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Perumal Nagar has changed

The guideline value for Perumal Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was unchanged in the 2024 revision. The 2017 revision saw a significant increase to Rs 804 per sq.ft, marking a 49% rise by the 2023 revision, which was set at Rs 1,200 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2024 revision, the overall change has been 0%. The guideline value remained stable at Rs 1,200 per sq.ft from 2012 to 2024, despite fluctuations in the years in between.

Guideline values in Madambakkam

In Madambakkam, there are 110 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value is Rs 1,200 per sq.ft, and Perumal Nagar's 2024 figure of Rs 1,201 per sq.ft is above this median.

• Perumal Nagar Extn - I: Rs 1,200 per sq.ft (2024)
• Periyar Street: Rs 1,200 per sq.ft (2024)
• Pearl Enclave: Rs 1,200 per sq.ft (2024)
• Priya Nagar: Rs 1,200 per sq.ft (2024)
• Pandian Avenue: Rs 1,200 per sq.ft (2024)
• Padbanaban Avenue: Rs 1,201 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,201 per sq.ft, the total guideline value would be Rs 12,01,000. The stamp duty at 7% would amount to Rs 84,070, and the registration fee at 2% would be Rs 24,020, bringing the total fees to Rs 1,08,090. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Perumal Nagar?

The Sub Registrar Office that covers Perumal Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Madambakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that transactions are recorded at a fair value.

Frequently asked questions

What is the current guideline value of Perumal Nagar?

The current guideline value of Perumal Nagar is Rs 1,201 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent change from Rs 1,200 per sq.ft in 2023 to Rs 1,201 per sq.ft in 2024. The value increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, marking a 49% rise.

What is the classification of land in Perumal Nagar?

Perumal Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Perumal Nagar?

For a property valued at Rs 12,01,000, the stamp duty would be Rs 84,070, and the registration fee would be Rs 24,020, totaling Rs 1,08,090. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Perumal Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for Perumal Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.