Guideline Value for Perumalpuram

Perumalpuram guideline value

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

How the guideline value of Perumalpuram has changed

Over the years, the guideline value of Perumalpuram has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then to Rs 1,320 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%. The adjustment from 2023 to 2024 reflects a 10% rise. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthur

In Puthur, 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 is Rs 1,100 per sq.ft, placing the guideline value of Perumalpuram above this median.

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

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 charged at 7% would be Rs 92,400, while the registration fee at 2% would be Rs 26,400. Together, the total cost would be 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 our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Perumalpuram?

The Sub Registrar Office that covers Perumalpuram is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Puthur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs incurred during the transfer of property ownership.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and complies with legal requirements. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Perumalpuram?

The current guideline value of Perumalpuram 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?

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

What are the stamp duty and registration fees for property in Perumalpuram?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 1,18,800.

Which Sub Registrar Office covers Perumalpuram?

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