Guideline Value

Corporate

Guideline Value for PERUMALLAGARAM MAYANA ROAD

₹825/sq.ft.

The guideline value for Perumallagaram Mayana Road in Perumalagaram village (Chennai South Joint Ii SRO, Chennai zone) is Rs 825 per sq.ft, effective 1 July 2024. It was Rs 750 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perumalagaram

Village

Chennai South Joint II

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹825 /sq.ft.
From 1-4-2023 ₹750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹502 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹750 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Perumallagaram Mayana Road

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Perumallagaram Mayana Road guideline value

The current guideline value of Perumallagaram Mayana 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, classified as Residential Class III Type - II.

How the guideline value of Perumallagaram Mayana Road has changed

Over the years, the guideline value of Perumallagaram Mayana Road has seen several revisions. The earliest revision recorded in the register is from 2012, where the value 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%. The value then increased significantly to Rs 750 per sq.ft in 2023, and further rose to Rs 825 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not provide figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Perumalagaram

In Perumalagaram village, 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 Perumallagaram Mayana Road is below this median.

Stamp duty and registration fee for property in Perumallagaram Mayana 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 is charged at 7%, resulting in Rs 57,750, while the registration fee at 2% amounts to Rs 16,500. Together, these fees total Rs 74,250. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Perumallagaram Mayana Road?

The Sub Registrar Office covering Perumallagaram Mayana 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. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that must be paid during the transaction process.

When buying or selling property in Perumalagaram, it is essential to be aware of the current guideline value, as it directly impacts the costs associated with registration. Buyers should ensure they are informed about the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Perumallagaram Mayana Road?

The current guideline value of Perumallagaram Mayana 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 from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 750 per sq.ft in 2023, and finally to Rs 825 per sq.ft in 2024.

What is the classification of land on Perumallagaram Mayana Road?

The land classification for Perumallagaram Mayana Road is Residential Class III Type - II.

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

The Sub Registrar Office for Perumallagaram Mayana 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.

How is stamp duty calculated for property in Perumallagaram?

Stamp duty for property in Perumallagaram is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 57,750.