Guideline Value for Perumal Nagar Extn - I

Perumal Nagar Extn - I guideline value

The current guideline value of Perumal Nagar Extn - I is Rs 1,200 per sq.ft, as per the 2024 revision effective from 1 July 2024. This property is located in Madambakkam village, under the Gooduvancheri SRO, and is classified as Commercial Special Type - I.

How the guideline value of Perumal Nagar Extn - I has changed

The guideline value for Perumal Nagar Extn - I has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 1,200 per sq.ft. In 2017, it decreased to Rs 804 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 1,200 per sq.ft again. The most recent revision in 2024 maintains this value at Rs 1,200 per sq.ft, reflecting no change from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street in the guideline value register.

Guideline values in Madambakkam

In Madambakkam, there are 110 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value among these streets is Rs 1,200 per sq.ft, which is equal to the current guideline value of Perumal Nagar Extn - I.

• Perumal Nagar: Rs 1,201 per sq.ft (2024)
• Periyar Street: Rs 1,200 per sq.ft (2024)
• Pearl Enclave: Rs 1,200 per sq.ft (2024)
• Priya Nagar: Rs 1,200 per sq.ft (2024)
• Pandian Avenue: Rs 1,200 per sq.ft (2024)
• Padbanaban Avenue: Rs 1,201 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Nagar Extn - I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty, charged at 7%, would be Rs 84,000, while the registration fee at 2% would be Rs 24,000. Therefore, the total cost for stamp duty and registration would be Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Perumal Nagar Extn - I?

The Sub Registrar Office that covers Perumal Nagar Extn - I is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property, which can affect the overall transaction process. Buyers and sellers should be aware of the guideline value to ensure compliance with legal requirements during registration.

Frequently asked questions

What is the current guideline value of Perumal Nagar Extn - I?

The current guideline value of Perumal Nagar Extn - I is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and remains at Rs 1,200 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Perumal Nagar Extn - I?

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which Sub Registrar Office covers Perumal Nagar Extn - I?

The Gooduvancheri Sub Registrar Office covers Perumal Nagar Extn - I, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202.

What is the land classification for Perumal Nagar Extn - I?

The land classification for Perumal Nagar Extn - I is Commercial Special Type - I, indicating its intended use and regulatory framework.