Guideline Value for Perumal Nagar

Perumal Nagar guideline value

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

How the guideline value of Perumal Nagar has changed

Over the years, the guideline value of Perumal Nagar has seen various revisions. The earliest available figure is from the 2007 revision, which was Rs 123 per sq.ft. This value increased significantly to Rs 500 per sq.ft in the 2012 revision, marking a substantial rise of 307%. However, the 2017 revision saw a decrease to Rs 335 per sq.ft, a reduction of 33%. The value then rose again to Rs 500 per sq.ft in the 2023 revision, maintaining the same rate in the 2024 revision, resulting in no change from 2023 to 2024.

From the 2017 revision to the 2023 revision, there was an increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 307%.

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 is below this median.

• Perumal Nagar Ext: 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

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, totaling Rs 45,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Perumal Nagar?

The Sub Registrar Office that covers Perumal Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vedanareyanapuram. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the appropriate taxes are paid based on the property's value.

When a property is registered, the guideline value will be compared to the sale price, and the higher of the two will be used to calculate the applicable fees. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Perumal Nagar?

The current guideline value of Perumal Nagar is Rs 500 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 123 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, decreased to Rs 335 per sq.ft in 2017, and returned to Rs 500 per sq.ft in 2023 and 2024.

What is the land classification of Perumal Nagar?

Perumal Nagar is classified as Residential Special Type - II under the Chengleput Joint I SRO.

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

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?

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