Guideline Value for Perumal Nagar Annex

Perumal Nagar Annex guideline value

The current guideline value of Perumal Nagar Annex is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Thirumudivakkam village under the Padappai SRO, classified as Residential Special Type - I.

How the guideline value of Perumal Nagar Annex has changed

Over the years, the guideline value of Perumal Nagar Annex has undergone several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the latest revision in 2024 has raised it to Rs 1,320 per sq.ft.

The changes between these revisions indicate a significant increase from 2017 to 2023 of +49%, followed by a +10% increase from 2023 to 2024. The overall change from 2012 to 2024 shows a +10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirumudivakkam

In Thirumudivakkam, there are 56 streets under the Padappai SRO carrying a 2024 guideline value, ranging from Rs 660 to Rs 3,860 per sq.ft. The median guideline value is Rs 1,320 per sq.ft, which matches the current value for Perumal Nagar Annex.

• Perumal Nagar: Rs 1,320 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 1,320 per sq.ft (2024)
• Pazhanthandalam Road: Rs 1,320 per sq.ft (2024)
• Pallavaram - Thiruneermalai Road: Rs 1,320 per sq.ft (2024)
• Omshakthy Mathura: Rs 2,200 per sq.ft (2024)
• Omshakthy Industrial Park: Rs 3,860 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perumal Nagar Annex?

The Sub Registrar Office that covers Perumal Nagar Annex is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Thirumudivakkam. 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 is considered to ensure that the correct fees are paid. Buyers should be aware that the fees are based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Perumal Nagar Annex?

The current guideline value of Perumal Nagar Annex is Rs 1,320 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 latest increase from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024. The value was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the land classification for Perumal Nagar Annex?

Perumal Nagar Annex is classified as Residential Special Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Perumal Nagar Annex?

The Padappai Sub Registrar Office handles registrations for Perumal Nagar Annex, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.