Guideline Value for PERUMALARGARAM RAJAN KUPPAM CROSS STREET

Perumalargaram Rajan Kuppam Cross Street guideline value

The current guideline value of Perumalargaram Rajan Kuppam Cross 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 Perumalargaram Rajan Kuppam Cross Street has changed

The guideline value for Perumalargaram Rajan Kuppam Cross Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where it was Rs 750 per sq.ft. This was followed by a decrease to Rs 502 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased significantly to Rs 750 per sq.ft, and then further rose to Rs 825 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Perumalagaram

In Perumalagaram, there are 74 streets under the Chennai South Joint II SRO that have a guideline value for 2024, ranging from Rs 825 to Rs 7,920 per sq.ft. The median guideline value for these streets is Rs 3,190 per sq.ft, placing the value of Perumalargaram Rajan Kuppam Cross Street below this median.

• Perumalagaram Rajan Kuppam Road: Rs 825 per sq.ft (2024)
• Perumalagaram Atrangarai 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 Perumalargaram Rajan Kuppam Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be 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, bringing the total fees to Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perumalargaram Rajan Kuppam Cross Street?

The Sub Registrar Office that covers Perumalargaram Rajan Kuppam Cross 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 plays a crucial role in the registration process of property transactions in Perumalagaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures that both buyers and sellers adhere to the regulatory framework set by the government.

Frequently asked questions

What is the current guideline value of Perumalargaram Rajan Kuppam Cross Street?

The current guideline value of Perumalargaram Rajan Kuppam Cross 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 seen several revisions, 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, showing significant changes over the years.

What is the land classification for this street?

The land classification for Perumalargaram Rajan Kuppam Cross Street is Residential Class III Type - II, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Perumalargaram Rajan Kuppam Cross 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.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,25,000, the stamp duty at 7% would be Rs 57,750.