Guideline Value

Corporate

Guideline Value for Perumal Salai

₹2750/sq.ft.

The guideline value for Perumal Salai in Nanmangalam village (Pallavaram SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Nanmangalam

Village

Pallavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹118 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹83 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Perumal Salai

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Perumal Salai guideline value

The current guideline value of Perumal Salai is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Nanmangalam village, under the Pallavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Perumal Salai has changed

The guideline value for Perumal Salai has seen several revisions over the years. Starting from Rs 83 per sq.ft in 2002, it increased to Rs 118 per sq.ft in 2003, marking a 42% rise. The value then surged dramatically to Rs 900 per sq.ft in 2007, which was a significant increase of 663%. Following this, the value reached Rs 2,500 per sq.ft in 2012, reflecting a 178% rise from the previous revision. However, it decreased to Rs 1,675 per sq.ft in 2017, a drop of 33% from 2012. The value was then revised to Rs 2,500 per sq.ft in 2023, showing a 49% increase. Finally, the current rate of Rs 2,750 per sq.ft came into effect in 2024, which is a 10% increase from the previous year.

There are no figures available for the revisions in years other than those mentioned. Overall, from 2002 to 2024, the guideline value has increased by 3,213%.

Guideline values in Nanmangalam

Nanmangalam village has 139 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,960 to Rs 3,850 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, which is equal to the current value of Perumal Salai.

Stamp duty and registration fee for property in Perumal Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total charges to Rs 2,47,500. It is important to note that the 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 a detailed breakdown of these charges.

Which Sub Registrar Office covers Perumal Salai?

The Sub Registrar Office that covers Perumal Salai is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Nanmangalam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When a buyer or seller engages in a transaction, the guideline value is used to determine the applicable charges. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Perumal Salai?

The current guideline value of Perumal Salai is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 83 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 3,213%.

What is the registration office for Perumal Salai?

The registration office for Perumal Salai is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Perumal Salai?

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 current guideline value would incur a total stamp duty of Rs 1,92,500.

What are the other streets in Nanmangalam with similar guideline values?

Other streets in Nanmangalam include Perumal Nagar at Rs 3,300 per sq.ft, and several streets like Perumal Koil Street and Pillaiyar Koil Street at Rs 2,750 per sq.ft.