Guideline Value for Perumal Road

Perumal Road guideline value

The current guideline value of Perumal Road is Rs 2,640 per sq.ft, effective from 1 July 2024. This road is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Perumal Road has changed

The guideline value for Perumal Road has seen significant changes over the years. In 2007, the value was Rs 250 per sq.ft, which increased dramatically to Rs 2,400 per sq.ft in 2012, marking an increase of 860%. However, from 2012 to 2017, the value decreased to Rs 1,608 per sq.ft, a decline of 33%. The value then rose again to Rs 2,400 per sq.ft in 2023, representing a 49% increase. The current revision in 2024 shows a further increase to Rs 2,640 per sq.ft, which is a 10% rise from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 956%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets listed under the Padappai SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, placing Perumal Road's 2024 figure above this median.

• Perumal Theru: Rs 1,980 per sq.ft (2024)
• Peruratchi Mandra Theru: Rs 1,980 per sq.ft (2024)
• Pettai Street: Rs 1,980 per sq.ft (2024)
• Perumal Koil Street: Rs 1,980 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 2,310 per sq.ft (2024)
• Periyazhvar Theru: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value would be Rs 26,40,000. The stamp duty at 7% would amount to Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, totaling Rs 2,37,600. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Perumal Road?

The Sub Registrar Office that covers Perumal Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the property's assessed value, which is essential for maintaining public services and infrastructure.

Frequently asked questions

What is the current guideline value of Perumal Road?

The current guideline value of Perumal Road is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 250 per sq.ft in 2007 to Rs 2,640 per sq.ft in 2024, which is a total increase of 956% over the years.

What is the median guideline value in Perungalathur?

The median guideline value for streets in Perungalathur is Rs 2,310 per sq.ft, with Perumal Road's current value being above this median.

What are the stamp duty and registration fees for a property on Perumal Road?

For a property valued at Rs 26,40,000, the stamp duty would be Rs 1,84,800 and the registration fee would be Rs 52,800, totaling Rs 2,37,600.

Where is the Sub Registrar Office for Perumal Road located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.