Guideline Value for Perumalpuram Exte.

Perumalpuram Exte. guideline value

The current guideline value of Perumalpuram Exte. 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 Perumalpuram Exte. has changed

Over the years, the guideline value of Perumalpuram Exte. has seen several revisions. The earliest recorded revision is from 2012, where the guideline value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. In 2023, the value increased to Rs 1,200 per sq.ft, and in the latest revision for 2024, it rose to Rs 1,320 per sq.ft.

Examining the changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The transition from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Puthur

In Puthur village, there are 63 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 4,600 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing the guideline value of Perumalpuram Exte. above this median.

• Perumal puram gardon lay out: Rs 1,320 per sq.ft (2024)
• Perumalpuram: Rs 1,320 per sq.ft (2024)
• Perumalpuram Phase-I: 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 Perumalpuram Exte.

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

Which Sub Registrar Office covers Perumalpuram Exte.?

The Sub Registrar Office that covers Perumalpuram Exte. 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

When buying or selling property in Puthur, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is set by the government and reflects the minimum price at which property transactions can be registered.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the overall costs involved in the transaction. The stamp duty and registration fees are calculated based on this value, ensuring transparency in property dealings.

Frequently asked questions

What is the current guideline value of Perumalpuram Exte.?

The current guideline value of Perumalpuram Exte. 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 Perumalpuram Exte.?

Perumalpuram Exte. is classified as Residential Special Type - IV, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Perumalpuram Exte.?

The Sub Registrar Office for Perumalpuram Exte. is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for property in Perumalpuram Exte.?

Stamp duty for property in Perumalpuram Exte. is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is an additional 2% of the guideline value.