Guideline Value for PERUMALAGARAM ATRANGARAI STREET

Perumalagaram Atrangarai Street guideline value

The current guideline value of Perumalagaram Atrangarai Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Perumalagaram village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Perumalagaram Atrangarai Street has changed

The guideline value for Perumalagaram Atrangarai Street has undergone several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which decreased to Rs 502 per sq.ft in the 2017 revision. Following this, the value saw a significant increase to Rs 750 per sq.ft in the 2023 revision, and then further increased by 10% to Rs 825 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value rose by 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perumalagaram

In Perumalagaram, there are 74 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 825 to Rs 7,920 per sq.ft, with a median value of Rs 3,190 per sq.ft. The guideline value of Perumalagaram Atrangarai Street is below this median.

• Perumalagaram Rajan Kuppam Road: Rs 825 per sq.ft (2024)
• Perumalargaram Rajan Kuppam Cross Street: Rs 825 per sq.ft (2024)
• Perumal Koil 1st Cross & 2nd Cross: Rs 1,650 per sq.ft (2024)
• Perumal Koil Street: Rs 1,650 per sq.ft (2024)
• Perumallagaram Mayana Road: Rs 825 per sq.ft (2024)
• Perumal Street: Rs 3,190 per sq.ft (2024)

Stamp duty and registration fee for property in Perumalagaram Atrangarai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, making the total cost for these fees Rs 74,250. It is important to 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 information.

Which Sub Registrar Office covers Perumalagaram Atrangarai Street?

The Sub Registrar Office that covers Perumalagaram Atrangarai Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Perumalagaram. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when buying or selling property. This value is set by the Registration Department and is updated periodically to reflect changes in the market.

When you register a property, the guideline value is used to calculate the applicable duties and fees. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Perumalagaram Atrangarai Street?

The current guideline value of Perumalagaram Atrangarai Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then to Rs 750 per sq.ft in 2023, and finally to Rs 825 per sq.ft in 2024.

What are the other streets in Perumalagaram with their guideline values?

Other streets in Perumalagaram include Perumalagaram Rajan Kuppam Road and Perumalargaram Rajan Kuppam Cross Street, both at Rs 825 per sq.ft, as well as Perumal Koil 1st Cross & 2nd Cross and Perumal Koil Street, both at Rs 1,650 per sq.ft.

How is the stamp duty calculated for properties in Perumalagaram Atrangarai Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 57,750.

Which office handles the registration of properties in Perumalagaram?

The Chennai South Joint II Sub Registrar Office handles the registration of properties in Perumalagaram Atrangarai Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.