Guideline Value for Perumal Nagar

Perumal Nagar guideline value

The current guideline value of Perumal Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Pennaloor village and falls under the Sriperumpudur SRO. The land classification for this locality is Residential Class III Type - I.

How the guideline value of Perumal Nagar has changed

Over the years, the guideline value of Perumal Nagar has seen several revisions. The 2007 revision set the value at Rs 40 per sq.ft, which increased significantly to Rs 200 per sq.ft in 2012. However, in the 2017 revision, the value decreased to Rs 134 per sq.ft. The 2023 revision maintained the value at Rs 200 per sq.ft, and the upcoming 2024 revision will also keep it at Rs 200 per sq.ft, reflecting a 0% change from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The overall change from the 2007 revision to the 2024 revision shows a substantial increase of 400%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Pennaloor

Pennaloor village has a total of 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,200 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is equal to the current guideline value of Perumal Nagar.

• Pillaiyar Koil Street: Rs 100 per sq.ft (2024)
• Power Grid Colony: Rs 200 per sq.ft (2024)
• Prasanthi Nagar - I: Rs 500 per sq.ft (2024)
• Prasanthi Nagar - II: Rs 500 per sq.ft (2024)
• Prasanthi Nagar - III: Rs 500 per sq.ft (2024)
• Palvadi Street: Rs 200 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Pennaloor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Perumal Nagar?

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

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent being Rs 200 per sq.ft in both 2023 and 2024. It was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012, showing fluctuations over the years.

What is the land classification for Perumal Nagar?

Perumal Nagar falls under the land classification of Residential Class III Type - I.

Where is the Sub Registrar Office for Perumal Nagar located?

The Sub Registrar Office for Perumal Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 200 per sq.ft would incur a total guideline value of Rs 2,00,000, leading to specific stamp duty and registration fees.