Guideline Value for Perupakkam Colony

Perupakkam Colony guideline value

The current guideline value of Perupakkam Colony is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Thiruvallur village under the Tiruvallur Joint 1 SRO, classified as Residential Special Type - IV.

How the guideline value of Perupakkam Colony has changed

Over the years, the guideline value for Perupakkam Colony has seen significant changes. The earliest recorded revision is from 2007, where the value was Rs 200 per sq.ft. This figure increased dramatically to Rs 2,500 per sq.ft in 2012, marking a rise of 1150%. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, reflecting a drop of 33%. The value then rose again to Rs 2,500 per sq.ft in 2023, which was a 49% increase. The current value of Rs 2,750 per sq.ft from the 2024 revision represents a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 1275%.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Perupakkam Colony is above this median.

• Perumal Street: Rs 2,200 per sq.ft (2024)
• Periyathambi Street: Rs 1,100 per sq.ft (2024)
• Ponnappan Street: Rs 1,650 per sq.ft (2024)
• Periyakuppam Colony: Rs 880 per sq.ft (2024)
• Poondi road: Rs 880 per sq.ft (2024)
• Paventhar Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Perupakkam Colony

For a property in Perupakkam Colony, a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft would have a total guideline value of Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Perupakkam Colony?

The Sub Registrar Office that covers Perupakkam Colony is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Thiruvallur. It serves as a benchmark for assessing the value of properties, ensuring that the registration fees and stamp duties are calculated accurately based on the prescribed rates.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Perupakkam Colony?

The current guideline value of Perupakkam Colony is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1275%.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft property, the total fees would amount to Rs 2,47,500.

Which Sub Registrar Office covers Perupakkam Colony?

The Tiruvallur Joint 1 Sub Registrar Office covers Perupakkam Colony, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the land classification for Perupakkam Colony?

Perupakkam Colony is classified as Residential Special Type - IV, indicating its designated use for residential purposes.