Guideline Value for Perumal Nagar Anex

Perumal Nagar Anex guideline value

The current guideline value of Perumal Nagar Anex is Rs 1,900 per sq.ft. This area is located in Puthagaram village and falls under the Ambattur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Perumal Nagar Anex has changed

The guideline value for Perumal Nagar Anex has undergone several revisions over the years. The most recent revision, effective from 1 July 2024, set the guideline value at Rs 1,900 per sq.ft, an increase from Rs 1,800 per sq.ft in 2023, reflecting a change of +6%. Prior to that, the value was Rs 1,206 per sq.ft in 2017, showing a significant rise of +49% over the six years. The 2012 revision had the value at Rs 1,800 per sq.ft, which was a decrease of -33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +6%.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. This lack of data means that the changes in the guideline value during those years remain unknown.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value in this area is Rs 1,900 per sq.ft, which is the same as the current figure for Perumal Nagar Anex.

• Perumal Nagar Annex: Rs 1,900 per sq.ft (2024)
• Perumal Nagar Extn: Rs 1,600 per sq.ft (2024)
• Perumal Nagar: Rs 1,600 per sq.ft (2024)
• Pillaiyar Kovil Street: Rs 1,600 per sq.ft (2024)
• Pattammal Nagar: Rs 1,600 per sq.ft (2024)
• Pandian Nagar: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Nagar Anex

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty, calculated at 7%, would be Rs 1,33,000, while the registration fee at 2% would be Rs 38,000. Together, the total cost for these fees would be Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perumal Nagar Anex?

The Sub Registrar Office that covers Perumal Nagar Anex is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Puthagaram. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Perumal Nagar Anex?

The current guideline value of Perumal Nagar Anex is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

Recently, the guideline value increased from Rs 1,800 per sq.ft in 2023 to Rs 1,900 per sq.ft in 2024, marking a change of +6%.

What was the guideline value in previous years?

In 2017, the guideline value was Rs 1,206 per sq.ft, and in 2012, it was Rs 1,800 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

What are the stamp duty and registration fees for a property in Perumal Nagar Anex?

For a 1,000 sq.ft property, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000 based on the current guideline value.

Where can I find the Sub Registrar Office for Perumal Nagar Anex?

The Ambattur Sub Registrar Office covers Perumal Nagar Anex and is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.