Guideline Value for Perumalpuram Phase-IV

Perumalpuram Phase-IV guideline value

The current guideline value of Perumalpuram Phase-IV 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 area is Residential Special Type - IV.

How the guideline value of Perumalpuram Phase-IV has changed

The guideline value for Perumalpuram Phase-IV has undergone several revisions over the years. Starting from the 2012 revision, the value was Rs 1,200 per sq.ft. It then decreased to Rs 804 per sq.ft in 2017. In 2023, the value increased to Rs 1,200 per sq.ft, and the latest revision in 2024 set it at Rs 1,320 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Between the revisions, there have been significant changes. The increase from 2023 to 2024 is 10%, while the jump from 2017 to 2023 was a remarkable 49%. The value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Puthur

Puthur village has a total of 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, making the guideline value for Perumalpuram Phase-IV above this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the 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, totaling Rs 1,18,800. 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 more details.

Which Sub Registrar Office covers Perumalpuram Phase-IV?

The Sub Registrar Office that covers Perumalpuram Phase-IV 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 plays a crucial role during the registration of property transactions in Puthur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This ensures that the transaction is officially recorded and that the appropriate taxes are collected by the government.

When a buyer or seller approaches the registration office, the guideline value is referenced to ascertain the financial obligations associated with the property transfer. This process helps maintain transparency and legality in real estate transactions.

Frequently asked questions

What is the current guideline value of Perumalpuram Phase-IV?

The current guideline value of Perumalpuram Phase-IV 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 are the stamp duty and registration fees for property in Perumalpuram Phase-IV?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles property registration in Perumalpuram Phase-IV?

The Tambaram Joint 1 Sub Registrar Office handles property registration for Perumalpuram Phase-IV, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures that the transaction is officially recorded and that the appropriate taxes are paid to the government.