Guideline Value for Perumalpuram Phase-III

Perumalpuram Phase-III guideline value

The current guideline value of Perumalpuram Phase-III is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Puthur village and falls under the Tambaram Joint 1 SRO. The land classification for this street is Residential Special Type - IV.

How the guideline value of Perumalpuram Phase-III has changed

The guideline value for Perumalpuram Phase-III has seen several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the values from 2012 to 2024, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthur

Puthur village has 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, with a median value of Rs 1,100 per sq.ft. The guideline value for Perumalpuram Phase-III is above this median.

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

Stamp duty and registration fee for property in Perumalpuram Phase-III

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 be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Perumalpuram Phase-III?

The Sub Registrar Office that covers Perumalpuram Phase-III 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 during the registration of property transactions in Puthur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must consider the guideline value to understand the financial implications of the transaction. It is essential for buyers 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 Perumalpuram Phase-III?

The current guideline value of Perumalpuram Phase-III 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 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 Phase-III?

The land classification for Perumalpuram Phase-III is Residential Special Type - IV.

Where can I find the Sub Registrar Office for Perumalpuram Phase-III?

The Sub Registrar Office for Perumalpuram Phase-III 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 Phase-III?

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, for a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 92,400 at 7%.