Guideline Value for Perumalpuram Phase-I

Perumalpuram Phase-I guideline value

The current guideline value of Perumalpuram Phase-I is Rs 1,320 per sq.ft. This property 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-I has changed

The guideline value for Perumalpuram Phase-I has seen several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft, which remained unchanged in the next revision in 2017 when it dropped to Rs 804 per sq.ft. Following this, there was a significant increase in 2023, bringing the value up to Rs 1,200 per sq.ft, and the latest revision in 2024 has raised it further to Rs 1,320 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. The value saw a substantial rise of 49% from 2017 to 2023. However, there was a decrease of 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, with a median value of Rs 1,100 per sq.ft. The guideline value of Perumalpuram Phase-I at Rs 1,320 per sq.ft is above this median.

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

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, while the registration fee at 2% would be Rs 26,400. Together, the total cost for stamp duty and registration would be 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.

For more information on calculating these fees, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Perumalpuram Phase-I?

The Sub Registrar Office that covers Perumalpuram Phase-I 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 details.

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

The guideline value is a crucial factor when registering property transactions in Puthur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, the guideline value helps to establish a fair price for the transaction. It is essential for both buyers and sellers 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-I?

The current guideline value of Perumalpuram Phase-I is Rs 1,320 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 increasing it to Rs 1,320 per sq.ft from Rs 1,200 per sq.ft in 2023. The value has seen fluctuations, including a drop to Rs 804 per sq.ft in 2017.

What are the other streets in Puthur with the same guideline value?

Several other streets in Puthur also have a guideline value of Rs 1,320 per sq.ft in 2024, including Perumalpuram Phase-II, Perumal puram gardon lay out, Perumalpuram Exte., Perumalpuram Phase-III, and Perumalpuram Phase-IV.

How is stamp duty calculated for property in Perumalpuram Phase-I?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 13,20,000 would incur a stamp duty of Rs 92,400 at a rate of 7%.

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

The Sub Registrar Office for Perumalpuram Phase-I is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059. You can find more details online.