Guideline Value for Peruvazhi Nagar

Peruvazhi Nagar guideline value

The current guideline value of Peruvazhi Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Keelakazhani village and falls under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Peruvazhi Nagar has changed

Over the years, the guideline value for Peruvazhi Nagar has seen several revisions. The earliest recorded revision was in 2007, when the value was Rs 225 per sq.ft. This increased significantly to Rs 700 per sq.ft in 2012, marking a rise of 211%. However, the value dropped to Rs 469 per sq.ft in 2017, a decrease of 33%. The guideline value remained at Rs 700 per sq.ft in both the 2023 and 2024 revisions, showing no change from 2023 to 2024, and a substantial increase of 49% from 2017 to 2023.

It is important to note that the register contains no figures for Peruvazhi Nagar for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 211%.

Guideline values in Keelakazhani

In Keelakazhani, there are 35 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which aligns with the current guideline value of Peruvazhi Nagar.

• Power Avenue: Rs 700 per sq.ft (2024)
• Ragavendra Garden: Rs 600 per sq.ft (2024)
• R K Nagar: Rs 600 per sq.ft (2024)
• M.S. Nagar: Rs 700 per sq.ft (2024)
• Shri Shanmuga Nagar Pahase-II: Rs 600 per sq.ft (2024)
• Mahalakshmi Nagar Phase-II: Rs 700 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 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost to Rs 63,000. It is essential 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 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 Keelakazhani

The guideline value is a crucial factor in property transactions in Keelakazhani. When buying or selling property, the guideline value determines the minimum price at which the property can be registered. This helps ensure transparency and fairness in property transactions.

During registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both buyers and sellers to ensure they are aware of the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Peruvazhi Nagar?

The current guideline value of Peruvazhi Nagar is Rs 700 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 225 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017, and remained at Rs 700 per sq.ft in both 2023 and 2024.

What is the land classification for Peruvazhi Nagar?

Peruvazhi Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Gooduvancheri Sub Registrar Office?

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

How is the stamp duty calculated for property in Peruvazhi Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 7,00,000, the stamp duty would be Rs 49,000.