Guideline Value for PERUMAL NAGAR

Perumal Nagar guideline value

The current guideline value of Perumal Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Ponneri_2 village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Perumal Nagar has changed

The guideline value for Perumal Nagar has seen several revisions over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 600 per sq.ft, which increased to Rs 700 per sq.ft in the 2024 revision, marking a change of +17%.

As of the 2024 revision, the guideline value for Perumal Nagar aligns with the median value of Rs 700 per sq.ft for the 75 streets in Ponneri_2 under the Ponneri SRO, which range from Rs 700 to Rs 1,300 per sq.ft.

Guideline values in Ponneri_2

In Ponneri_2, the guideline values vary across different streets. Perumal Nagar's guideline value of Rs 700 per sq.ft is equal to the median for the area. The following are the guideline values for other streets in Ponneri_2:

• Perumal Kovil Street: Rs 700 per sq.ft (2024)
• Police Line Back Side: Rs 700 per sq.ft (2024)
• Poonthotham: Rs 700 per sq.ft (2024)
• Pudhiya Theradi St: Rs 1,200 per sq.ft (2024)
• Puliyan Thoppu: Rs 700 per sq.ft (2024)
• Railway Station Road: Rs 1,200 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 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total cost for these fees Rs 63,000. 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 that covers Perumal Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value is a critical factor during the registration of property transactions in Ponneri_2. It serves as a benchmark for determining the stamp duty and registration fees applicable on the property being bought or sold.

When a property is registered, the higher value between the guideline value and the sale price is considered for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Perumal Nagar?

The current guideline value of Perumal Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Perumal Nagar has increased from Rs 600 per sq.ft in 2023 to Rs 700 per sq.ft in 2024, a change of +17%. The register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017.

What are the guidelines for other streets in Ponneri_2?

Other streets in Ponneri_2 have varying guideline values, with some streets like Pudhiya Theradi St and Railway Station Road having higher values of Rs 1,200 per sq.ft, while others like Perumal Kovil Street and Police Line Back Side are at Rs 700 per sq.ft.

What are the fees associated with property registration in Perumal Nagar?

The stamp duty is charged at 7%, and the registration fee is at 2% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 7,00,000, the total fees would amount to Rs 63,000.

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

The Ponneri Sub Registrar Office covers Perumal Nagar and is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information about your SRO through the provided link.