Guideline Value for Peruratchi Mandra Theru

Peruratchi Mandra Theru guideline value

The current guideline value of Peruratchi Mandra Theru is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai SRO, classified as Residential Class III Type - I.

How the guideline value of Peruratchi Mandra Theru has changed

The guideline value for Peruratchi Mandra Theru has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,800 per sq.ft in 2023, and further rose to Rs 1,980 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value range from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, placing Peruratchi Mandra Theru's 2024 figure below that median.

• Perumal Theru: Rs 1,980 per sq.ft (2024)
• Pettai Street: Rs 1,980 per sq.ft (2024)
• Perumal Road: Rs 2,640 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 2,310 per sq.ft (2024)
• Perumal Koil Street: Rs 1,980 per sq.ft (2024)
• Periyazhvar Theru: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Peruratchi Mandra Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Peruratchi Mandra Theru?

The Sub Registrar Office that covers Peruratchi Mandra Theru is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Perungalathur. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When buying or selling property, the guideline value is compared to the sale price, and the duty is charged on whichever is higher. This ensures that the government receives the appropriate fees based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Peruratchi Mandra Theru?

The current guideline value of Peruratchi Mandra Theru is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed through several revisions: from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Peruratchi Mandra Theru?

For a 1,000 sq.ft plot, the total guideline value is Rs 19,80,000, leading to a stamp duty of Rs 1,38,600 and a registration fee of Rs 39,600, totaling Rs 1,78,200.

Which office handles property registrations in Perungalathur?

The Padappai Sub Registrar Office handles property registrations in Perungalathur, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification for Peruratchi Mandra Theru?

Peruratchi Mandra Theru is classified as Residential Class III Type - I, indicating its suitability for residential development.