Guideline Value for PERUMAL NAGAR

Perumal Nagar guideline value

The current guideline value of Perumal Nagar, located in Perumbakkam village under the Selaiyur SRO, is Rs 2,725 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Perumal Nagar has changed

Over the years, the guideline value of Perumal Nagar has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 2,500 per sq.ft, followed by the current 2024 revision which raised it to Rs 2,725 per sq.ft.

In terms of percentage changes, there was a significant increase of 49% from 2017 to 2023. The value then increased by 9% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO, with values ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,725 per sq.ft, which aligns with the current guideline value of Perumal Nagar.

• Perumbakkam Main Road And 1st -2nd Cross Street: Rs 3,700 per sq.ft (2024)
• Perumpakkam To Solinganallur Main Road: Rs 3,700 per sq.ft (2024)
• Pillaiyar Koil Cross Street: Rs 850 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 850 per sq.ft (2024)
• Periyapalayathamman Koil Street: Rs 1,625 per sq.ft (2024)
• Paumpon Nagar Rajiv Gandhi Street: Rs 3,300 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 2,725 per sq.ft, the total guideline value would be Rs 27,25,000. The stamp duty at 7% would amount to Rs 1,90,750, and the registration fee at 2% would be Rs 54,500. Together, these fees total Rs 2,45,250. 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 more details.

Which Sub Registrar Office covers Perumal Nagar?

The Sub Registrar Office covering Perumal Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perumbakkam. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the guideline value is used to determine the minimum price at which the property can be registered. This helps maintain transparency and fairness in property transactions, as the guideline value reflects the official valuation of the property in that area.

Frequently asked questions

What is the current guideline value of Perumal Nagar?

The current guideline value of Perumal Nagar is Rs 2,725 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,725 per sq.ft in 2024.

What are the other streets in Perumbakkam and their guideline values?

Other streets in Perumbakkam have varying guideline values, such as Perumbakkam Main Road And 1st -2nd Cross Street and Perumpakkam To Solinganallur Main Road at Rs 3,700 per sq.ft, while Pillaiyar Koil Cross Street and Pillaiyar Koil Street are at Rs 850 per sq.ft.

What is the stamp duty rate in Perumal Nagar?

The stamp duty rate in Perumal Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.