Guideline Value for Perumal 1st Street

Perumal 1st Street guideline value

The current guideline value of Perumal 1st Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village, under the Alandur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Perumal 1st Street has changed

The guideline value for Perumal 1st Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 212 per sq.ft. This increased significantly to Rs 238 per sq.ft in 2003, marking a 12% rise. The value then rose drastically by 404% to Rs 1,200 per sq.ft in 2007, followed by a 108% increase to Rs 2,500 per sq.ft in 2012. However, it saw a decrease of 33% to Rs 1,675 per sq.ft in 2017. The value increased again to Rs 2,500 per sq.ft in 2023, and finally, it reached Rs 2,800 per sq.ft in the 2024 revision, reflecting a 12% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1221%. There are no figures available for any revisions outside of those specified.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO, with guideline values ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,800 per sq.ft, which is the same as the current value for Perumal 1st Street.

• Periyar Street: Rs 2,200 per sq.ft (2024)
• Perumal Nagar: Rs 2,800 per sq.ft (2024)
• Perumal Nagar 2nd Street: Rs 2,800 per sq.ft (2024)
• Perumal Nagar 3rd Street: Rs 2,800 per sq.ft (2024)
• Perumal Nagar Main Road: Rs 3,900 per sq.ft (2024)
• Pazhaniyadiyamman Koil Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. 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 precise calculations.

Which Sub Registrar Office covers Perumal 1st Street?

The Sub Registrar Office that covers Perumal 1st Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Ullagaram. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value serves as a benchmark, ensuring that the transaction is recorded at a value that reflects the current market conditions as per the government regulations.

Frequently asked questions

What is the current guideline value of Perumal 1st Street?

The current guideline value of Perumal 1st Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 212 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, showing an overall increase of 1221% over this period.

What is the land classification for Perumal 1st Street?

Perumal 1st Street is classified as Residential Class II Type - I.

Where can I find the Alandur Sub Registrar Office?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Perumal 1st Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 at 7%.