Guideline Value for Perumal Nagar 3rd Street

Perumal Nagar 3rd Street guideline value

The current guideline value of Perumal Nagar 3rd Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village under the Alandur SRO, classified as Residential Class II Type - I.

How the guideline value of Perumal Nagar 3rd Street has changed

The guideline value for Perumal Nagar 3rd Street has seen several revisions since 2002. In 2002, the value was Rs 212 per sq.ft, which increased to Rs 238 per sq.ft in 2003, marking a 12% rise. The value then surged significantly to Rs 1,200 per sq.ft in 2007, reflecting a 404% increase. Following this, the value decreased to Rs 2,500 per sq.ft in 2012, a drop of 33%. The value remained the same in 2012 and 2023, where it was Rs 2,500 per sq.ft, before rising to Rs 2,800 per sq.ft in 2024, a 12% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1221%. The revisions from 2017 to 2023 and 2012 to 2017 do not apply to this street, as the register has no figure for these years.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value is Rs 2,800 per sq.ft, which is the same as the current guideline value for Perumal Nagar 3rd Street.

• Perumal Nagar 2nd Street: Rs 2,800 per sq.ft (2024)
• Perumal Nagar Main Road: Rs 3,900 per sq.ft (2024)
• Perumal Nagar: Rs 2,800 per sq.ft (2024)
• Perumal 1st Street: Rs 2,800 per sq.ft (2024)
• Periyar Street: Rs 2,200 per sq.ft (2024)
• Ponnappan Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Nagar 3rd Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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. 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 Perumal Nagar 3rd Street?

The Sub Registrar Office that covers Perumal Nagar 3rd 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 further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Ullagaram. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is officially recorded and that the appropriate taxes are paid. This process helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Perumal Nagar 3rd Street?

The current guideline value of Perumal Nagar 3rd 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 increased from Rs 212 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 1221% over the years.

What is the median guideline value in Ullagaram?

The median guideline value in Ullagaram is Rs 2,800 per sq.ft, which is the same as the current guideline value for Perumal Nagar 3rd Street.

What are the stamp duty and registration fees for property in Perumal Nagar 3rd Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,52,000, based on the current guideline value.

Where is the Sub Registrar Office for Perumal Nagar 3rd Street located?

The Sub Registrar Office for Perumal Nagar 3rd Street is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.