Guideline Value for Perumal Nagar Ext

Perumal Nagar Ext guideline value

The current guideline value of Perumal Nagar Ext is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Vedanareyanapuram village, under the Chengleput Joint I SRO, and is classified as Residential Special Type - II.

How the guideline value of Perumal Nagar Ext has changed

The guideline value for Perumal Nagar Ext has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 500 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the value was Rs 335 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. The 2012 revision also set the value at Rs 500 per sq.ft, showing a decrease of 33% from the 2017 figure.

Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 500 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vedanareyanapuram

In Vedanareyanapuram, there are 31 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,050 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value of Perumal Nagar Ext is below this median.

• Perumal Nagar: Rs 500 per sq.ft (2024)
• Ponniyamman Nagar: Rs 500 per sq.ft (2024)
• Ragava Nagar Extension-II: Rs 900 per sq.ft (2024)
• Ragavan Nagar: Rs 500 per sq.ft (2024)
• Ragavendra nagar: Rs 600 per sq.ft (2024)
• Ragavendra nagar Ext: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Nagar Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Perumal Nagar Ext?

The Sub Registrar Office that covers Perumal Nagar Ext is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vedanareyanapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both buyers and sellers to accurately assess their costs during the transaction.

Frequently asked questions

What is the current guideline value of Perumal Nagar Ext?

The current guideline value of Perumal Nagar Ext is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in both 2023 and 2024.

What is the land classification for Perumal Nagar Ext?

Perumal Nagar Ext is classified as Residential Special Type - II.

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

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which office handles the registration for Perumal Nagar Ext?

The Chengleput Joint I Sub Registrar Office handles the registration for Perumal Nagar Ext, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.