Guideline Value for Peruvazhi Nagar

Peruvazhi Nagar guideline value

The current guideline value of Peruvazhi Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Kavanur village under the Gooduvancheri SRO, classified as Residential Special Type - III.

How the guideline value of Peruvazhi Nagar has changed

The guideline value for Peruvazhi Nagar has seen several revisions over the years. In 2007, the value was Rs 225 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, it decreased to Rs 536 per sq.ft in 2017. The 2023 revision maintained the value at Rs 800 per sq.ft, and the 2024 revision has also set it at Rs 800 per sq.ft, reflecting no change from the previous year.

Between the revisions, the most notable change occurred from 2012 to 2017, with a decrease of 33%. The value then rose by 49% from 2017 to 2023. Overall, from 2007 to 2024, the guideline value has increased by 256%.

Guideline values in Kavanur

Kavanur village has a total of 109 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 500 to Rs 2,239 per sq.ft. The median value of these streets is Rs 800 per sq.ft, which is equal to the guideline value of Peruvazhi Nagar.

• Pillaiyar Koil Street: Rs 700 per sq.ft (2024)
• Periyar Kudiyirupu: Rs 1,200 per sq.ft (2024)
• Parameshwari Amman Nagar: Rs 600 per sq.ft (2024)
• Punal Nagar: Rs 600 per sq.ft (2024)
• Padavattamman Koil Street: Rs 747 per sq.ft (2024)
• New Chennai City Phase - I: Rs 670 per sq.ft (2024)

Stamp duty and registration fee for property in Peruvazhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty is charged at 7%, which totals Rs 56,000, and the registration fee is 2%, which amounts to Rs 16,000. Together, the total cost for stamp duty and registration fee is Rs 72,000. 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 Peruvazhi Nagar?

The Sub Registrar Office that covers Peruvazhi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Kavanur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Peruvazhi Nagar?

The current guideline value of Peruvazhi Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions maintaining it at Rs 800 per sq.ft since 2012, except for a decrease to Rs 536 per sq.ft in 2017.

What is the registration office for Peruvazhi Nagar?

The registration office for Peruvazhi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated in Peruvazhi Nagar?

Stamp duty in Peruvazhi Nagar is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% of the guideline value.

What are the guideline values of other streets in Kavanur?

Other streets in Kavanur have varying guideline values, with rates ranging from Rs 500 to Rs 2,239 per sq.ft. The median value is Rs 800 per sq.ft, which is equal to that of Peruvazhi Nagar.