Guideline Value for PERUMALAGARAM RAJAN KUPPAM ROAD

Perumalagaram Rajan Kuppam Road guideline value

The current guideline value of Perumalagaram Rajan Kuppam Road is Rs 825 per sq.ft, effective from 1 July 2024. This road 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 Rajan Kuppam Road has changed

Over the years, the guideline value for Perumalagaram Rajan Kuppam Road has seen several revisions. The 2012 revision set the value at Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 750 per sq.ft, and the latest 2024 revision has set it at Rs 825 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2024 revision, the overall change is an increase of 10%. The change from 2017 to 2023 was a significant increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. The latest increment from 2023 to 2024 is 10%.

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 Rajan Kuppam Road is below this median.

• Perumalagaram Atrangarai Street: 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 Rajan Kuppam Road

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, totaling Rs 74,250. 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 precise calculations.

Which Sub Registrar Office covers Perumalagaram Rajan Kuppam Road?

The Sub Registrar Office that covers Perumalagaram Rajan Kuppam Road 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, Chennai registration zone. 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 during property registration in Perumalagaram. It serves as a benchmark for determining the stamp duty and registration fees, which are essential costs associated with property transactions.

When buying or selling property, the guideline value is used to calculate the applicable taxes. It ensures that the government receives the correct amount of revenue based on the property's assessed value, which is especially important for legal and financial documentation.

Frequently asked questions

What is the current guideline value of Perumalagaram Rajan Kuppam Road?

The current guideline value of Perumalagaram Rajan Kuppam Road 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 several times, with the most recent increase from Rs 750 per sq.ft in 2023 to Rs 825 per sq.ft in 2024. The value was Rs 502 per sq.ft in 2017 and Rs 750 per sq.ft in 2012.

What is the land classification for Perumalagaram Rajan Kuppam Road?

The land classification for Perumalagaram Rajan Kuppam Road is Residential Class III Type - II.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750 and the registration fee would be Rs 16,500, totaling Rs 74,250. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Perumalagaram Rajan Kuppam Road?

The Sub Registrar Office for Perumalagaram Rajan Kuppam Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035, Chennai registration zone.