Guideline Value for Perumal puram gardon lay out

Perumal puram gardon lay out guideline value

The current guideline value of Perumal puram gardon lay out is Rs 1,320 per sq.ft, effective from 1 July 2024. This property is located in Puthur village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - IV.

How the guideline value of Perumal puram gardon lay out has changed

The guideline value for Perumal puram gardon lay out has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,200 per sq.ft. This figure remained unchanged until 2017, when it dropped to Rs 804 per sq.ft, reflecting a decrease of 33%. The value then increased significantly to Rs 1,200 per sq.ft in 2023, and further rose to Rs 1,320 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Puthur

Puthur village features 63 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 330 to Rs 4,600 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, and Perumal puram gardon lay out's 2024 figure is above this median.

• Perumalpuram Exte.: Rs 1,320 per sq.ft (2024)
• Perumalpuram Phase-I: Rs 1,320 per sq.ft (2024)
• Perumalpuram: Rs 1,320 per sq.ft (2024)
• Perumalpuram Phase-II: Rs 1,320 per sq.ft (2024)
• Perumalpuram Phase-III: Rs 1,320 per sq.ft (2024)
• Perumalpuram Phase-IV: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal puram gardon lay out

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Perumal puram gardon lay out?

The Sub Registrar Office that covers Perumal puram gardon lay out is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Puthur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that must be paid during the property transaction.

When a buyer purchases a property, the guideline value serves as a benchmark for taxation purposes. It ensures that the government receives the appropriate revenue from property transactions, reflecting the established value of the property in the area.

Frequently asked questions

What is the current guideline value for Perumal puram gardon lay out?

The current guideline value for Perumal puram gardon lay out is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Perumal puram gardon lay out?

Perumal puram gardon lay out is classified as Residential Special Type - IV.

What are the stamp duty and registration fees for properties in this area?

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles the registration for properties in Puthur?

The Tambaram Joint 1 Sub Registrar Office handles the registration for properties in Puthur, located at No.26, Mes Road, East Tambaram, Chennai-600059.