Guideline Value for Perumal Nagar Extn

Perumal Nagar Extn guideline value

The current guideline value of Perumal Nagar Extn is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Puthagaram village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Perumal Nagar Extn has changed

Over the years, the guideline value of Perumal Nagar Extn has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which then changed to Rs 1,005 per sq.ft in 2017. The 2023 revision increased it to Rs 1,500 per sq.ft, and currently, the 2024 revision has raised it to Rs 1,600 per sq.ft. The register does not have figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%, and the overall change from 2012 to 2024 is an increase of 7%.

Guideline values in Puthagaram

Puthagaram village has 140 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value for the village is Rs 1,900 per sq.ft, placing Perumal Nagar Extn's current value below this median.

• Perumal Nagar Annex: Rs 1,900 per sq.ft (2024)
• Perumal Nagar Anex: Rs 1,900 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 Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is important to note that the 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 information.

Which Sub Registrar Office covers Perumal Nagar Extn?

The Sub Registrar Office covering Perumal Nagar Extn 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 additional details.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Puthagaram, this value is used to calculate stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

Additionally, the guideline value helps in determining the market conditions and trends in the area, providing a reference point for both buyers and sellers during negotiations.

Frequently asked questions

What is the current guideline value of Perumal Nagar Extn?

The current guideline value of Perumal Nagar Extn is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and currently to Rs 1,600 per sq.ft in 2024.

What is the land classification for Perumal Nagar Extn?

Perumal Nagar Extn is classified as Residential Class II Type - I.

Where can I find the Ambattur Sub Registrar Office?

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

How is stamp duty calculated for properties in Perumal Nagar Extn?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 16,00,000 would incur a stamp duty of Rs 1,12,000 at 7%.