Guideline Value for PERUMAL NAIKAR GARDEN

Perumal Naikar Garden guideline value

The current guideline value of Perumal Naikar Garden is Rs 126 per sq.ft, effective from 1 July 2024. This area is located in Ettikuthimedu village under the Sunguvarchattram SRO. The land classification for this property is Residential Class I Type - I.

How the guideline value of Perumal Naikar Garden has changed

In the 2023 revision, the guideline value for Perumal Naikar Garden was Rs 126 per sq.ft. The same value was maintained in the 2024 revision, indicating no change from the previous year. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

As per the revisions, there was a 0% change in the guideline value from 2023 to 2024. This stability in the guideline value reflects consistency in the property valuation for this area.

Guideline values in Ettikuthimedu

Currently, there are no specific village figures available for Ettikuthimedu. Perumal Naikar Garden is the only street mentioned in the guideline value register under the Sunguvarchattram SRO.

Stamp duty and registration fee for property in Perumal Naikar Garden

For a 1,000 sq.ft plot at the current rate of Rs 126 per sq.ft, the guideline value amounts to Rs 1,26,000. The stamp duty at 7% would be Rs 8,820, and the registration fee at 2% would be Rs 2,520, resulting in a total of Rs 11,340. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Perumal Naikar Garden?

The Sub Registrar Office that covers Perumal Naikar Garden is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ettikuthimedu. It determines the minimum value at which the property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value or the sale price is considered, and the higher of the two is used for calculating the stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Perumal Naikar Garden?

The current guideline value of Perumal Naikar Garden is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 126 per sq.ft from 2023 to 2024, with no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the stamp duty for property in Perumal Naikar Garden?

The stamp duty for property in Perumal Naikar Garden is 7% of the guideline value. For a plot valued at Rs 1,26,000, the stamp duty would be Rs 8,820.

Where is the Sub Registrar Office for Perumal Naikar Garden located?

The Sub Registrar Office for Perumal Naikar Garden is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for properties. It is also used to calculate the stamp duty and registration fees based on the higher of the guideline value or the sale price.