Guideline Value for Perundevi nagar

Perundevi nagar guideline value

The current guideline value of Perundevi Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class III Type - I.

How the guideline value of Perundevi nagar has changed

The guideline value for Perundevi Nagar has undergone several revisions over the years. The earliest recorded figure is from 2003, where the value was Rs 180 per sq.ft. This increased to Rs 200 per sq.ft in 2007, marking an 11% rise. The value then saw a significant jump to Rs 1,500 per sq.ft in 2012, reflecting a 650% increase. The value remained the same in 2023 at Rs 1,500 per sq.ft, but rose again to Rs 1,600 per sq.ft in the 2024 revision, which is a 7% increase.

It is important to note that there are no figures available for the revisions in 2002 and 2017 for this street. Overall, from 2003 to 2024, the guideline value has increased by 789%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. Perundevi Nagar's 2024 guideline value is below this median.

• Pillaiyar Koil Cross Street (Cholambedu): Rs 1,600 per sq.ft (2024)
• Perumal Koil Street: Rs 1,900 per sq.ft (2024)
• Pillaiyar Koil Street (Annanoor): Rs 1,600 per sq.ft (2024)
• Pillaiyar Koil Street (Cholambedu): Rs 1,600 per sq.ft (2024)
• Periyar Street (senthil nagar): Rs 2,700 per sq.ft (2024)
• Ponniyamman Koil Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Perundevi nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total fees Rs 1,44,000. 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 Perundevi nagar?

The Sub Registrar Office that covers Perundevi Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial metric used during the registration of property transactions in Thirumullaivoyal. 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 duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial obligations involved in the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Perundevi Nagar?

The current guideline value of Perundevi Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 180 per sq.ft in 2003 to Rs 1,600 per sq.ft in 2024, representing an overall increase of 789% over the years.

What is the land classification of Perundevi Nagar?

Perundevi Nagar is classified as Residential Class III Type - I under the guideline value register.

Where can I find the Sub Registrar Office for Perundevi Nagar?

The Sub Registrar Office for Perundevi Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 16,00,000, the stamp duty would be calculated at 7% of this amount.